E-C Even though people receive a tax deduction for interest on mortgage payments, they pay for all their other expenses with after-tax dollars.

First, After a brief summarize of two taxes respectively, this report compares the taxes from several aspects as follows: laws in point, tax rate, deduction items, special treatment of taxation, etc.

This annual charge to earnings is not allowed as a tax deduction and, thus, has an effect on after-tax income that is roughly double that of most other expenses.