Discussion Forums > The Lounge
The General Chit Chat Thread 3
metro.:
--- Quote from: Tatsujin on July 30, 2014, 01:04:22 AM ---If you had 100,000 USD in your savings account, you get taxed on that if I'm correct ... no?
--- End quote ---
Yes, unless you have something like we do in Canada called a Tax Free Savings Account (TFSA cause holy shit we're good at naming things).
megido-rev.M:
--- Quote from: metro. on July 30, 2014, 01:24:06 AM ---
--- Quote from: Tatsujin on July 30, 2014, 01:04:22 AM ---If you had 100,000 USD in your savings account, you get taxed on that if I'm correct ... no?
--- End quote ---
Yes, unless you have something like we do in Canada called a Tax Free Savings Account (TFSA cause holy shit we're good at naming things).
--- End quote ---
We're just talking about interest tax, right?
Yeah, get a TFSA or invest in capital gains or something which is taxed less.
Krudda:
In Australia, you only get taxed on interest made on the money in the account, not the money itself.
megido-rev.M:
That would be the interest earned.
Tatsujin:
.............. so what if you had 10,000,000 yen in a Japanese savings account .. would you get taxed on that?
And what if you actually had that amount in USD but in a checking account?
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