Debt Myths Debunked
Keeping debt for the sake of tax write-offs is a common misconception. A tax deduction lowers your taxable income, but it doesn't mean you get a dollar-for-dollar reduction on your taxes. Instead, think of it more like a discount based on your tax rate, rather than a sweeping sale. Understanding this can help you make smarter financial decisions.In this clip
From this podcast
George Kamel
5 Tax Myths Broke People Believe
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