Comments on: A Penny Saved, Is A Penny And A Third Earned

By: Jackson

Jackson — Tue, 17 Feb 2009 13:46:06 +0000

Yeah, I’ve always lived by this policy.

Also whenever I look at prices I tend to mentally add in the tax as well. So many people seem to disregard it…

By: frugalCPA

frugalCPA — Tue, 17 Feb 2009 04:36:39 +0000

Later, the supreme court ruled federal income tax unconstitutional (Pollock v. Farmers’ Loan and Trust Company), so congress wrote the 16th amendment to make it constitutional.

Interesting stuff.

By: Jim

Jim — Mon, 16 Feb 2009 21:32:22 +0000

My wife and I need to produce a few tax credits, hahaha

By: Jim

Jim — Mon, 16 Feb 2009 21:31:52 +0000

Hmmmm, I guess I’ve just heard the more common mis-quote!

Now the question is, what does “A pin a day’s a groat a year” mean?

By: Frank Curmudgeon

Frank Curmudgeon — Mon, 16 Feb 2009 20:42:55 +0000

Actually, Old Ben wrote “A penny saved is two pence dear.” So I guess he was anticipating even higher taxes.

By: Vilna

Vilna — Mon, 16 Feb 2009 18:16:37 +0000

It is also easier to save an extra penny than to earn an extra penny. – You say, “Thankfully, the government hasn’t yet discovered a way to directly tax savings.” I beg to differ. I am paying taxes on my interest income directly to the US government since I have to report my interest income on my tax return and it gets taxed at my marginal income tax rate.

By: Brandon

Brandon — Mon, 16 Feb 2009 17:40:43 +0000

I dunno, I have never been past the 15% bracket (marriage and tax credits ftw).