All Hokie, All the Time. Period. Presented by

The Lounge Board

Hokie360

Joined: 08/26/2006 Posts: 17911
Likes: 7206


Why do you think the tax laws make you buy a bigger house?


Sure, if you make a million bucks a year, you can afford a bigger house, and thus you'll be able to deduct a higher dollar amount when doing your taxes. But if you made the same, and bought a smaller house, you'll save 100% of your monthly payment savings. Not just the the 28/33/35% of your interest deduction.

(In response to this post by HokieForever)

Posted: 08/10/2018 at 2:21PM



+2

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
  So serious question... -- HokieForever 08/10/2018 2:07PM
  Don't ignore property taxes. -- EDGEMAN 08/10/2018 6:03PM
  Start a small business on the side -- Tafkam Hokie 08/10/2018 2:53PM
  Interest rates will have a bigger effect. -- Hokie360 08/10/2018 3:03PM
  Good point forgot about that change. ** -- HokieForever 08/10/2018 2:50PM
  True I get that... -- HokieForever 08/10/2018 2:33PM
  Like this modest home Warren Buffett lives in -- VaAkita 08/10/2018 2:02PM
  Because they live with parents? ** -- Hokie Bird 94 08/10/2018 8:54PM
  True... -- Hokie5150 08/10/2018 5:55PM
  I very seriously doubt that ** -- 83Hokie 08/10/2018 3:15PM
  4th expense: Don't have kids ** -- hoosnowahokie 08/10/2018 1:04PM
  Yep. In-state public schools for my kids. ** -- RoswellGAHokie 08/10/2018 1:54PM
  +Plus food ** -- Newt 08/10/2018 3:19PM
  +plus auto insurance and cell phone ** -- Newt 08/10/2018 3:20PM
  What do you need a car for in blacksburg? -- hoosnowahokie 08/10/2018 3:42PM
  Dang right! They're expensive ** -- TexasGobbler 08/10/2018 1:14PM

Tech Sideline is Presented By:

Our Sponsors

vm307