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Updated about 8 years ago,

User Stats

10
Posts
2
Votes
Mitchell Kane
  • Seattle, WA
2
Votes |
10
Posts

Borrowing money means less taxes?

Mitchell Kane
  • Seattle, WA
Posted

Hi all,

First time poster here, I would like to buy my first home soon, so I am trying learn about real estate investing, from Seattle, WA. I am reading one of the Rich Dad, Poor Dad books: Retire Youg Retire Rich, and there is a quote in here that I like, but I was hoping someone could shed a little light on for me: he poses the question, "Why do the people who work the hardest and save the most pay more in taxes than people who work less and borrow more?" I assume this refers to taxabe retirement accounts vs. tax deductible mortgage payments and such... is there more?

Thanks for any insight

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