Posted on Jan 27, 2024
A silver lining from high mortgage interest rates: Bigger deductions on this year’s taxes
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Posted 11 mo ago
Responses: 3
Yeah... ummm... no. The tax savings doesn't equal the increase in debt service. This is what happens when democrats are left in charge of the math curriculum.
SFC Casey O'Mally SFC Ralph E Kelley SFC Bernard Walko SFC John Davis MSgt Dale Johnson MSG Joseph Cristofaro LTC Marc King LTC Stephen C. LTC Trent Klug LTC Monte Anderson Lt Col Charlie Brown SPC Michael Duricko, Ph.D
SFC Casey O'Mally SFC Ralph E Kelley SFC Bernard Walko SFC John Davis MSgt Dale Johnson MSG Joseph Cristofaro LTC Marc King LTC Stephen C. LTC Trent Klug LTC Monte Anderson Lt Col Charlie Brown SPC Michael Duricko, Ph.D
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Anyone who thinks this is a "silver lining" doesn't understand how little the tax deduction is worth compared to the additional cost of the interest. They typically also do not understand how much it cost them to have that tax refund.
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