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"...do you mean that the government takes 15% of your savings each year?"
No. If the bank performs the service of saving your money for you (your savings account) then why *shouldn't the bank charge you for the service?
The cable provider charges you a monthly fee for cable service, doesn't it?
The *15% point of purchase tax is on the cost of the service (the savings account), not the money in the account.
*EDIT
*may be higher or lower...I pulled 15% out of my ass for conversation's sake
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like the other guy sez: 'not really back, blah-blah-blah...'
Last edited by henry quirk; 09-26-2011 at 04:36 PM.
Reason: added n't...so 'little' changes the meaning of so 'much'!
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