Comments on: Is Putting Money In A Savings Account/cd’s Even Worth It? How Much Does The Government Take From It? http://www.increase-savings.com/answers/is-putting-money-in-a-savings-accountcds-even-worth-it-how-much-does-the-government-take-from-it-2/ Guides and tips on getting more bang for your buck Thu, 11 Mar 2010 21:27:46 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: leckiewe http://www.increase-savings.com/answers/is-putting-money-in-a-savings-accountcds-even-worth-it-how-much-does-the-government-take-from-it-2/comment-page-1/#comment-4981 leckiewe Tue, 10 Nov 2009 17:28:42 +0000 http://www.increase-savings.com/answers/is-putting-money-in-a-savings-accountcds-even-worth-it-how-much-does-the-government-take-from-it-2/#comment-4981 You're not losing any of your savings so what's the problem? The government only taxes you on the interest you made, so if you made $300 in interest just remember you're only bringing half of it home. It's better than putting your money in a no-interest account and not earning anything. You’re not losing any of your savings so what’s the problem? The government only taxes you on the interest you made, so if you made $300 in interest just remember you’re only bringing half of it home. It’s better than putting your money in a no-interest account and not earning anything.

]]>