Bank deposit and taxes

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Bank deposit and taxes

Postby bbhbc10 » Sat Jan 01, 2011 3:23 am

one question...

is the money i have deposited in the bank subject to any kind of taxes?

as in kingdom / church / village..??

or is the money i have on my person only subject to the taxes ?
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Re: Bank deposit and taxes

Postby psye » Sun Jan 09, 2011 1:12 am

That's what I want to know too. I think it gets taxed for being in the bank.. though I'm not sure, it isn't very clear.
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Re: Bank deposit and taxes

Postby bbhbc10 » Sun Jan 09, 2011 2:53 am

will know soon enough...don't think there is though, other wise what would be the reason to put money in there and pay interest daily and a tax weekly?
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Re: Bank deposit and taxes

Postby SCarter » Sat Jan 22, 2011 5:39 pm

I guess the reason to pay interest TO the bank is to keep the money safe from being robbed. It still doesn't seem like a good deal to me.
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Re: Bank deposit and taxes

Postby bbhbc10 » Sat Jan 22, 2011 6:10 pm

it seems no taxes are taken out on money deposited in the clan's bank
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Re: Bank deposit and taxes

Postby SCarter » Mon Jan 24, 2011 3:51 am

Ah, well, tax evasion is also a good reason to pay money to the bank, if the interest rate is less than the tax rate.
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Re: Bank deposit and taxes

Postby bbhbc10 » Mon Jan 24, 2011 3:55 am

1% interest per day for bank

verses a tax rate of 1-15% per week for clan, 1-5% for church tax, and 1-? village tax not to mention what you may have robbed every other day per week
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Re: Bank deposit and taxes

Postby Blacky » Thu Jan 27, 2011 2:27 pm

Shouldn't banks pay you interest on your deposits rather than to take money... just saying you know.
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Re: Bank deposit and taxes

Postby bbhbc10 » Thu Jan 27, 2011 3:02 pm

you would think so but i suppose not in the middle ages :?

greedy Rome :censored:
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