Let's say I have a mortgage instead of renting, max out my 401(k) contributions every year, marry a nonworking spouse and file jointly. Compare to someone who does none of those things: the tax rate will be a lot less.
You don't get mortgage relief as an owner occupier in the UK. The tax treatment of rental properties is somewhat complex depending on structure. There is no filing jointly here either. You can get tax relief for pension contributions up to a limit.
Comments
Let's say I have a mortgage instead of renting, max out my 401(k) contributions every year, marry a nonworking spouse and file jointly. Compare to someone who does none of those things: the tax rate will be a lot less.
You don't get mortgage relief as an owner occupier in the UK. The tax treatment of rental properties is somewhat complex depending on structure. There is no filing jointly here either. You can get tax relief for pension contributions up to a limit.
These are all using the tax system as designed.