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Lv 6
? asked in Politics & GovernmentPolitics · 3 years ago

If you save money at home, under a mattress, is this a tax benefit in any way?

6 Answers

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  • Anonymous
    3 years ago

    Yes. You don't have to pay sales tax if someone steals your money and spends it instead of you.

  • 3 years ago

    You don't have to pay tax on the interest

  • Anonymous
    3 years ago

    You would not get any interest so you would pay no income tax.

  • geezer
    Lv 7
    3 years ago

    You would not believe how many people in France lost all their "savings" when the Franc went over to the Euro because it was all "cash" hidden somewhere !

    Under the mattress is the worst place to keep your money .. what if it gets stolen ?

    The best place is a savings account where the interest is tax free !!

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  • 3 years ago

    Not that I know of.

    However it is a courageous statement of ones personal liberty and resistance to corporate tyranny. When your money is deposited in a bank , you are enabling the borrowing power of individuals AND corporations who may not consider YOUR best interests or families health a priority.

    Paul Ryan and the GOP would simply love it if Americans were dependent on Wall Street performance for their un-imployment , disability , welfare and MediCare benefits.

    Look at it this way; if the KOCH Bros. decided to drill an oil well in your front yard you'd be all alone in your protest. Because you neighbors would rather have a $0.25 bump in their welfare checks ( dividends ) then join you in protest of your families lifestyle being flushed down the toilet. This or a similar scenario would be repeated in our homes and communities, all over the country.

  • Anonymous
    3 years ago

    Of course.

    That's where I keep mine!

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