"The Daring Dufas" wrote in message
...
On 6/6/2010 10:58 AM, Lou wrote:
"The Real wrote in message
...
On 06/05/10 20:53, Ed Pawlowski wrote:

"marco wrote in message


...
.
in the long run,
you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

marc

Sounds great, but not always easily done. With the present economy,
employers have cut OT, cut wages, cut hours, and much of the side job
part
time stuff has dried up. Increasing income may be better, but saving
money
is the only way for millions right now.

AND the money you save isn't taxable!


Well, that depends. When I lived in Georgia, money sitting in a bank
account was taxable. If you had an account, you owed tax on the balance
and
had to pay. After a year went by and tax time rolled around again, you
had
to pay tax on whatever was in that account again, even if you hadn't
touched
the account at all. In essence, you paid tax on the same money again
and
again, for as long as you had it.



Georgia? The state in the U.S.A. or the country of Georgia?

Georgia, the state in the U.S.A. All real and personal property in the
state is taxable unless specifically exempted by law. At the time I lived
there, money in a bank account was not exempt.