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Old Oct 10, 2025 | 12:17 pm
  #18  
Caspavio
 
Join Date: Sep 2024
Posts: 1,752
Originally Posted by MSPeconomist
You don't pay FICA on interest income.
yup my mistake. but doesnt change the math much, since the tax rate is decreased for both the 7% apy and comparable high yield savings. so now the figures are something like $461 vs $272. the different is ~$190 and only $82 after deducting what OP charges
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