4 ms·
Due to the full deductibility, the common narrative became: if you're in the top tax bracket, the state pays more than half your mortgate interest That’s not h
by adamlett 6y ago
Due to the full deductibility, the common narrative became: if you're in the top tax bracket, the state pays more than half your mortgate interest
That’s not how it works in Denmark. Here, interest deduction come in the form of increased personal allowance (ie. the annual income bracket below which you pay no taxes), which favor high and low income earners equally. I’m surprised that isn’t also the case in The Netherlands. Are you sure it’s not?
- the-dude 6y agoNot OP, but Dutch nonetheless. We are pretty sure it is not, that is, the more you earn, the more you can deduct, starting with the highest brackets.