From Anthony Manganiello’s Debt Free Millionaire Free Report FAQ:
“Should I pay off my mortgage and lose the tax deduction?
That’s easy to answer. ABSOLUTELY!
If you’re in the 28% tax bracket, for every dollar you pay towards mortgage interest, Uncle Sam will give you a 28-cent break on your income taxes. Now think about that for a moment. You’re paying a dollar in interest to save 28 cents.
Would you give me $1 for 28 cents in return? Of course not! Either way you’re going to pay. You’ll just have to choose between paying 28 cents in taxes or 72 cents in interest. This is kind of a “no-brainer” wouldn’t you say?”
