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re: Mortgage Interest Deduction in danger....

Posted on 7/11/13 at 10:27 am to
Posted by MoreOrLes
Member since Nov 2008
19472 posts
Posted on 7/11/13 at 10:27 am to
quote:

Huh?


Thats how long the deduction has been in existence.

quote:

That has not been the case in other countries.


So?


quote:

I would favor dropping the marginal tax rates to offset the increase in taxes collected resulting from abolishing the mortgage deduction. That alone would probably offset any negative effects on the housing market and would remove a market distortion.



Now thats some common ground. The problem is our govt never really removes ant taxes they only add them.
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 7/11/13 at 11:50 am to
quote:

That has not been the case in other countries.



So?
It's evidence that your logic is invalid.
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