Ignoring Benefits of Tax Deductions
- Share via
In the June 27 Your Mortgage column, Jack Guttentag says that the “principal repayment yields a return equal to the interest rate on your loan.”
That completely ignores the benefits of income tax deductions. In a state like California with high income taxes, and for those in higher federal tax brackets, the impact on the analysis is significant.
JOHN STERN
Mar Vista
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
