[quote=FormerSanDiegan]”Californians that claimed the mortgage interest rate deduction saved an average of almost $20,000 from their tax bill in 2008, according to a Tax Foundation analysis of new data from the Internal Revenue Service. ”
Wow, FSD, acc. to your chart, CA taxpayers had the highest real estate indebtedness (showing up in the form of tax deductions) of ALL the states, even more than Mass. and NY, which are typically high-priced markets. This fact doesn’t necessarily speak to the most “wealth” here but rather the most “debt” or largest RE “debt-load.”
