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tzuri

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  1. Interesting discussion. I think one advantage that people having by owning a US property and paying US federal taxes is that the moprtgage interest and property tax can be deducted from US federal taxes which is usually not the case with rent payments. Using the example of mortgage payment of $2,800, If for example a person took $450,000 30 year fix mortgage with 6.25% interest. monthly payment is about $2,770 a month and the first year tax savings is $8,672 (average tax savings over the 30-year loan term is $5,657.09 per year). In some states you can also deduct the property tax from US federal taxes. http://www.bankrate.com/calculators/mortgages/loan-tax-deduction-calculator.aspx
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