...It is in your favor because deducting the interest reduces your adjusted ...gross income (AGI) which reduces taxable income... Which ultimately leads ...to ...you paying less on the money you earned. When you have no mortgage, your ...AGI ...does not go down by the interest payments anymore thereby you have a ...higher ...AGI and thus higher taxes.
I'm going to need to see the math of this. Does the savings in taxes exceed the interest paid? -------------- Ian Skinner Web Programmer BloodSource www.BloodSource.org Sacramento, CA "C code. C code run. Run code run. Please!" - Cynthia Dunning Confidentiality Notice: This message including any attachments is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender and delete any copies of this message. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143769 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
