Date: Wed, 1 Feb 2006 14:51:45 -0600
From: "Gene E. Utterback, EA" 
Newsgroups: misc.invest.financial-plan
Subject: Re: question about paying off mortgage
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"Andy"  wrote in message 
news:1138659912.740384.198130@z14g2000cwz.googlegroups.com...

snipped


> The federal tax code also gives deductions for medical expenses and
> casualty losses (like losses from theft or fire).  Would you try to
> maximize those expenses in order to increase your tax deductions?
> (Think of the income tax you would save using this deduction if you
> buy a Hummer for cash, don't insure it, and then park it with the doors
> unlocked and the keys in the ignition in a bad part of town!) If you
> wouldn't try to maximize your casualty losses to save on income taxes,
> why would you maximize your interest expense for that purpose?

snipped

> Andy
>

Andy,

What a great analogy!  I'll try to remember to give you credit when I use 
this with my tax clients 

Gene E. Utterback, EA, RFC