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Interest on student loan debt is tax deductible, not the principle. Interest on margin debt is tax deductible, not the principle. It's the same. Also 'investi
by skookumchuck 8y ago
Interest on student loan debt is tax deductible, not the principle. Interest on margin debt is tax deductible, not the principle.
It's the same.
Also 'investing' in stocks is investing. It's not a fake investment or a scam. Lower income people pay 0% taxes on capital gains, and some online brokerage houses charge 0% commission.
Essentially, anyone can invest in the stock market. It's a lot better than 'investing' in lottery tickets. There I used the quotes appropriately, because lottery tickets are gambling, not investing.
The difference between investing and gambling is investing is when the mathematical odds are in your favor, gambling is when they are not.
- Gibbon1 8y agocough > https://www.irs.com/articles/tax-deductions-for-student-loan-interest https://www.irs.com/articles/tax-deductions-for-student-loan... $2500 if you're school teacher making $50k/year. Bupkis if you're a doctor making $200k/year. > Also 'investing' in stocks is investing. See useless zero sum activities.
- skookumchuck 8y ago> See useless zero sum activities. You could apply the same reasoning to every trade where someone wants something someone else wants to sell.