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Interest is taxed as income. Debt does not cancel out income unless paid on a mortgage when itemizing deductions.
by votepaunchy 5y ago
Interest is taxed as income. Debt does not cancel out income unless paid on a mortgage when itemizing deductions.
- deleted 5y ago[deleted]
- PopAlongKid 5y agoYes, there is before-tax yield and after-tax yield. Tax rates are at historic lows right now and unlikely to stay that way long term (current rate cuts expire after 2025). Since tax applies to all kinds of income, I'm not sure why it should be a big factor in this discussion any more than it is in discussions of crypto, tech salaries, etc.