Re:Renting is Throwing Money Away, Right? (2015)
by dingaling on Monday April 23, 2018 @04:11AM
(#16901454)
That's a uniquely American benefit. Most Western mortgage-payers have to pay out of post-tax income.
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Re:Renting is Throwing Money Away, Right? (2015)
by scarface74 on Monday April 23, 2018 @06:07AM
(#16902016)
As well as most Americans. You can either take the standard deduction of $24,000 as a couple or itemize. Most Americans don't buy homes where the interest is high enough to be over the standard deduction.
Re:Renting is Throwing Money Away, Right? (2015)
by jalk on Monday April 23, 2018 @04:18AM
(#16901495)
Mortgage interest is tax deductible in the Scandinavian countries and in the Netherlands IFAIK
Re:Renting is Throwing Money Away, Right? (2015)
by emodendroket on Monday April 23, 2018 @12:31PM
(#16904924)
From the article:
> As with all articles on Afford Anything, these high-level concepts can be applied anywhere. But specifics about laws, taxes, inflation, etc., are geared at a United States audience.
So I think it's fair to go ahead and mention US-specific counters to the arguments without specifying.