Re:Why northern Europe is so indebted
by yokoprime on Monday March 20, 2023 @06:50PM
(#35239983)
> if you pay-off your mortgage, do you still owe annual taxes on your property
Depends on where you live. Some counties has property taxes, others do not. One reason for why Norwegians have lots of debt is that its subsidized since you can write off parts of the interests from your taxes. Also there is taxes on wealth, i.e the tax system incentivizes having debt.
Depends on where you live. Some counties has property taxes, others do not. One reason for why Norwegians have lots of debt is that its subsidized since you can write off parts of the interests from your taxes. Also there is taxes on wealth, i.e the tax system incentivizes having debt.