Mike

“For example, if you have a million dollars in savings, earning $20,000 from 2-percent taxable interest rate, and you earn more than $65,000 as a single person or $110,000 as a couple a year, that $20,000 will be taxed at approximately 30 percent, leaving you an effective return from your million dollars of about $14,000. That equates to an effective return of 1.4 percent before inflation.”
― Robert T. Kiyosaki, Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming...And How You Can Prepare Yourself and Profit from It!