[Answer] From what part of income should someone take savings?

Answer: what otherwise would be discretionary income
From what part of income should someone take savings?

In economics saving is defined as after tax income minus consumption. The fraction of income saved is called the average propensity to save while the fraction of an increment to income that is saved is called the marginal propensity to save. The rate of saving is …

Assuming expenses are equal to income minus savings and neglecting investment returns observe that: At a savings rate of 10% it takes (1-0.1)/0.1 = 9 years of work to save for 1 year of living expenses. At a savings rate of 25% it takes (1-0.25)/0.25 = 3 years of work to save for 1 year of living expenses.

Double taxation is the levying of tax by two or more jurisdictions on the same income (in the case of income taxes) asset (in the case of capital taxes) or financial transaction (in the case of sales taxes).. Double liability may be mitigated in a number of ways for example a jurisdiction may: exempt foreign-source income from tax exempt foreign-source income from tax if tax had been paid …

Saving – Wikipedia

FIRE movement – Wikipedia

Assured Income for the Severely Handicapped – Wikipedia

United States savings bonds are debt securities issued by the United States Department of the Treasury to help pay for the U.S. government’s borrowing needs. U.S. savings bonds are considered one of the safest investments because they are backed by the full faith and credit of the United States government. …

Leave a Reply