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Home Ownership Benefits Calculator

Last post 09-04-2008 7:09 PM by scottb. 1 replies.
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  • 09-03-2008 9:15 AM

    Home Ownership Benefits Calculator

    Hi Scott - 

    I can't find your calculator at the Dallas News site, as referenced on p.135 in "Spend Till the End." Does it exist somewhere else online?

     Thanks!

  • 09-04-2008 7:09 PM In reply to

    Re: Home Ownership Benefits Calculator

    Karen,

    Sadly, it doesn't. It may still be on the DMN website but changes in file organization have probably made it unreachable. The calculator figured the tax savings on a home mortgage, year by year in dollars and as a percentage of the purchase price of a home. Unlike most calculators, it considered the size of the standard deduction all taxpayers have and adjusted the tax benefit downward to reflect same.

    As a consequence, it regularly showed that most people, in most of the country outside the expensive coasts, had far smaller tax benefits from homeownership than was generally believed.

    Scott

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