It's clear many of y'all who voted for yearly allotments don't understand the simple concept of Time-Value-Money...
Ok. If you niggas are getting taxed on money you deposit into a savings account...after you've already been taxed via regular income taxes...You are an idiot.
You are required to pay tax on the interest from the money in the savings acct. Not the money in the savings acct. The more money you have in the savings acct. The more taxes you pay.
Yes, I'm aware. The actual 1.2 million is tax free after the original income tax.