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That's a uniquely American benefit. Most Western mortgage-payers have to pay out of post-tax income.
by dingaling 9y ago
That's a uniquely American benefit. Most Western mortgage-payers have to pay out of post-tax income.
- jalk 9y agoMortgage interest is tax deductible in the Scandinavian countries and in the Netherlands IFAIK
- Freak_NL 9y agoWe have it in the Netherlands as well, although it is gradually being phased out.
- scarface74 9y agoAs 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.
- emodendroket 9y agoFrom 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.