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Wait, wouldn't you get taxed capital gains on a standard savings account? I'm genuinely curious even though right now saving accounts are not saving anything at

• leephillips 6y ago
  Tax on interest is at a different rate than capital gains tax.
  • tartoran 6y ago
    Which one is higher?
    • leephillips 6y ago
      I’m pretty sure that interest income is taxed, at the federal level, like wage income. In other words, at a higher rate than capital gains.
    • loeg 6y ago
      Long-term capital gains are taxed at a lower rate than ordinary income and short-term capital gains (which are taxed at income rates).