A return to standard mortgages

After the country dumped the gold standard, the average shrank to 11 months. To put it in context, the Great Recession lasted 18 months, making it 30% shorter than the average gold-standard-era.

Good news for the nation’s 14-million self-employed workers — mortgage lenders are making it easier to get approved for a purchase loan or home refinance.

Yet many are spending tens of thousands of dirhams each year on rent, and while we are receiving something in return – a home. The 2019 standard deductions are. Doing that would effectively earn you a tax-free and risk-free rate of return equal to your mortgage interest rate (4%, 4.5%, whatever). Nice. You might also be.

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The standard deduction amount is established annually. It is based on a taxpayer’s filing status and is listed on each of the individual tax-return forms ( 1040 , 1040A and 1040EZ ). This deduction generally is taken by taxpayers who don’t have many expenses.

Standard Deduction. If you are a nonresident alien, you cannot claim the standard deduction. However, students and business apprentices from India may be eligible to claim the standard deduction under Article 21 of the U.S.A.-India Income Tax Treaty. Refer to Publication 519, U.S. Tax Guide for Aliens and to revenue procedure 93-20 for more.

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A return to standard mortgages. by Mike vogel. posted 3/26/2012.. has the bottom line on qualifying for a mortgage in the mid-2000s. "If you could fog a mirror, you could get a loan. I’m not.

A tax return calculator takes all this into account to show you whether you can expect a refund or not, and give you an estimate of how much to expect. Tax Deductions and Tax Credits Explained Remember that a tax deduction reduces your taxable income, cutting your tax bill indirectly by reducing the income that’s subject to a marginal tax rate.

What are the positives of a gold standard for the economy, and what are the negatives? Pros. Simply put, the big positive of a return to the gold standard "would give us fiscal discipline for governments, businesses and individuals," says Ken Goldstein, economist at the New York-based Conference Board.