06-18-2019, 03:50 PM
OK, I just have to furrow my brow on the concept of maintaining debt in order to save on taxes.
If you pay $100 in interest, you'll get $37 back in taxes at the highest bracket, assuming you'll beat the standard deduction. You are still out net $63 compared to paying it off.
Now, if you want to invest the principle in the market, that's another set of numbers (not to mention a risk factor), but just for taxes I can't see it. What am I missing?
If you pay $100 in interest, you'll get $37 back in taxes at the highest bracket, assuming you'll beat the standard deduction. You are still out net $63 compared to paying it off.
Now, if you want to invest the principle in the market, that's another set of numbers (not to mention a risk factor), but just for taxes I can't see it. What am I missing?