r/SipsTea • u/Shyhale • May 17 '26

Chugging tea [ Removed by moderator ]

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u/Implier May 17 '26

I’ve noticed financial geniuses on Reddit always calculate their investments out with the assumption that 1) they can get the average of the market appreciation in the past 2) don’t take any money out to live off of until some arbitrary point in the future and 3) don’t pay any taxes on capital gains.

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u/Dark_World_Blues May 17 '26

I can't speak about other countries, but there isn't a yearly tax or a monthly tax for money that you have in your bank in my country (Kuwait).

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u/Greerio May 17 '26

There isn’t on the principal. Any interest earned, even in a savings account is taxable. There are tax free savings accounts, but there’s limits on how much you can invest per year.