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system
in the usa, does the income tax rate on my wages increase with the amount of money in my bank account?
user
besides accrued interest but that's important. one has $40,000 in their account and the other $9,000. does one now pay higher income tax because he has more in his account or does he pay the same because he makes the same? if they are interest bearing accounts, then yes the guy with the $40k balance will pay a little more* income tax than the guy with $9k. * if the account earns 1%/ann and the $40k and $9k have been in there all year, then the big account will earn $401.84 interest, and the smaller will earn $90.41.
assistant