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Politics : Ask Michael Burke
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To: JBW who wrote (79361)4/12/2000 11:07:00 AM
From: BGR  Read Replies (1) of 132070
 
JBW,

Along the same lines, rent is the wage that you pay to borrow (lease) the house. So, it should be deductible as well.

Consider auto loans vs. leases. The interest on auto loans is not deductible, nor are lease payments. A fair deal IMHO. Now, look at houses.

I do not trade stocks, BTW. I used to in the past, and did make some nice profits. But I paid about half of those profits in income taxes, which made me feel much better about the profits.

-BGR.
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