I found I have to pay tax on all the interest my savings is earning now. That pisses me off because it’s going up less than the price of food, rent, etc… yet I don’t get a tax discount for paying high energy bills yet I get taxed for getting more interest on my savings which is only happening because I’m paying more for everything else!
Ultimately, if savings accounts rates go up to compensate us for the rising costs of inflation how is it fair I have to pay taxes on that? I’d rather 0 inflation and 0 tax (because it’s not paying interest),
Ultimately, if savings accounts rates go up to compensate us for the rising costs of inflation how is it fair I have to pay taxes on that? I’d rather 0 inflation and 0 tax (because it’s not paying interest),