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既使用itemized deduction， 买房子的利息/房地产税未必100%抵税。 how much you can deduct, again, depends on your AGI.
please refer to line 29 of form 1040 Sch A and its instruction. Here, $166,800 (joint)/$83,400 (seperately) are the 2 magic numbers for year 2010, i.e. the tax thresholds which vary from year to year.
That myth of sch A makes a lots higher income makers puzzled.
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