At least the state of Virginia is direct depositing two dollars in my checking account.

[wanton_bliss]

I somehow owed the federal government nearly three hundred dollars in taxes. I could not even deduct my car donation because it would have needed to be a fucking ferrari to actually push me over the standard deduction. I like that I made roughly a thousand dollars in miscellaneous charitable donations and I am treated no differently than if I had

Comments

[ron63z]

Property is definitely a long term relationship. I've been fooled once. Okay, twice. Sure you get tempted with deductions for property tax and mortgage interest from your gross income to reduce your tax liability by x dollars. But you still pay 2x (or more) dollars for those property taxes and interest to the state and bank -- dollars never to be seen again. Unless renting is prohibitively expensive, or events occur that make you earn equity in the house at a rate faster than your mortgage rate plus inflation, or you stay in that house for a l-o-n-g time, you end up with more money in your pocket at the end of the day by renting. Not to mention the freedom of being able move on short notice and not worry about the care and feeding of your property, which is worth quite a lot to some.