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by cycrutchfield 1842 days ago
Your mortgage is a low interest loan. Should we tax your mortgage as income?
2 comments
lupire 1842 days ago
Yes, but deduct the house that the loan buys as an expense.
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imgabe 1842 days ago
Then if you take a $500 million loan backed by your stock holdings to build a yacht, why not deduct the yacht as an expense?
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triceratops 1842 days ago
The house the mortgage paid for is taxed.
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cycrutchfield 1842 days ago
I assume you're talking about property taxes, which is not really what we're talking about here.
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