Borrowing money means less taxes?
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