Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?
It's stunning to hear so many people who are willing to do that.
There's a huge crowd of people refinancing, with the justification that it will lower taxes, without really realizing that they end up with LESS take home pay, since they have to pay the bank $1000 to save $300 in taxes (for some people). Some people are ok with more net out money to "save" taxes.
It's a black box, people. Money out is money out. Does it really matter who gets it? It's Banks vs teachers, road construction workers, defense workers, agency people, etc.
Originally posted by unofan
View Post
There's a huge crowd of people refinancing, with the justification that it will lower taxes, without really realizing that they end up with LESS take home pay, since they have to pay the bank $1000 to save $300 in taxes (for some people). Some people are ok with more net out money to "save" taxes.
It's a black box, people. Money out is money out. Does it really matter who gets it? It's Banks vs teachers, road construction workers, defense workers, agency people, etc.
Comment