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Old 11-02-2005, 07:06 PM
PSW PSW is offline
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Join Date: Dec 2004
Posts: 100
Default Re: So I\'m thinking of moving to Vegas... help? (some kinda-tax stuff)

I really hate articles like the one in the NYT posted. They start adding up all the interest payments and say "look how much this is" and forget to add up all the rent that is going out the window too.

Sure there is the AMT too, but you have to be making tons before that kicks in. Chances are a single guy doesn't have that many deductions ect....

Read the article. But then check the math on each thing listed for you. You will find that most of it doesn't apply to you specifically.

Now, given that you don't WANT to own. Well, that's the best argument yet for not doing it. You want freedom. There isn't anything wrong with that.

psw
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