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That still won't solve the discrepancy because only the top 20-30% of households itemize deductions.
by hkmurakami 9y ago
That still won't solve the discrepancy because only the top 20-30% of households itemize deductions.
- coredog64 9y agoAt $20K/year, I would expect a lot more households to itemize. I'm trying (and failing) to calculate off the top of my head what kind of mortgage you'd have to have for a similar deduction. But it's gotta be pretty damn big if your interest is $1600/month.
- CoreXtreme 9y agoWell, if you are required to prepare your own tax returns through an accountant then he will most certainly, itemize deduction, you'll be asking him to get your tax bill down a bit. Power of incentive is nothing to be questioned.