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You don't get to deduct interest for personal loans, and mortgages interest deductions have been limited to interest on 750K principal since 2017 (this article
by lend000 5y ago
You don't get to deduct interest for personal loans, and mortgages interest deductions have been limited to interest on 750K principal since 2017 (this article is picking examples that are no longer relevant.)
The whole article is full of logical fallacies and focusing on the wrong thing to drum up outrage. E.g. I do not care that Bezos didn't pay any taxes in some year where he sold no assets and received no income. What matters is what the tax brackets levy on wealthy people when they do liquidate, which are currently a complete joke and cap out at a number thousands of times lower than the highest earners.