- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Should mortgage interest be tax deductible?
Posted on 12/6/25 at 4:18 pm to Diamondawg
Posted on 12/6/25 at 4:18 pm to Diamondawg
quote:
Would you rather it be a federal tax and let them decide how everyone has the same school system or would you rather keep that local?
Talk about missing the point. It’s about interest on mortgages not being taxed.
You are taxed the full amount of the purchase price of the home when you buy it. - it’s sales tax. Not property tax. Are you advocated paying interest on money you’ve A) already paid income tax on, sales tax, plus property tax.
How many times do you think it’s fair to tax the same dollar?
2
Posted on 12/6/25 at 4:23 pm to Rebel
Keep up. A different question is perfectly acceptable that slightly different from the thread topic, such as:
quote:Understand now?
How many times do you think the gov’t should be able to tax the same dollar?
Posted on 12/6/25 at 4:29 pm to wackatimesthree
quote:
FIFY
Salt limits deductions on property to just over 40k. It isn’t some ploy to help the rich. The tax code has tons of examples of the government encouraging certain behavior by giving tax breaks. Home ownership, electric vehicles, life insurance and on and on and on get favorable tax treatment.
Posted on 12/6/25 at 4:30 pm to Rebel
quote:
You are taxed the full amount of the purchase price of the home when you buy it. - it’s sales tax.
Generally there is no sales tax on a house.
Posted on 12/6/25 at 4:32 pm to weagle1999
There should be not state or federal income tax. Period.
Posted on 12/6/25 at 4:33 pm to Diamondawg
quote:
Understand now?
No I don’t.
I said mortgage interest should be tax deductible. Then I listed several ways the same dollar is being taxed.
Somehow you inferred that a tax on mortgage interest would interrupt vital services (schools, fire, police). Either you conflated property tax and tax on loan payments or just aren’t smart.
This post was edited on 12/6/25 at 4:36 pm
Posted on 12/6/25 at 4:36 pm to weagle1999
No. Why should Silicon Valley billionaires get to reduce their taxable income just because they financed their $25 million house?
Posted on 12/6/25 at 4:36 pm to Riverside
SALT got capped at 10k but that has now gone up to 40k
Posted on 12/6/25 at 4:42 pm to SlowFlowPro
quote:
We should let the market sort it out without government provocation
Its not provocation. Taxes are paid on that money by the lender, which is income. No reason to tax it on the mayor as well, especially if it can incentive to buy homes
Posted on 12/6/25 at 4:43 pm to LSURussian
quote:
No. Why should Silicon Valley billionaires get to reduce their taxable income just because they financed their $25 million house?
SALT cap is 40k
Posted on 12/6/25 at 4:49 pm to Bjorn Cyborg
quote:
Why would anyone question the rare tax break that regular people can get?
Why would you never question this?
fairtax.org
As far as the economy, are mortgages the only interest bearing loans that are good for the economy? What about interest on loans for home stereos?
This post was edited on 12/6/25 at 4:53 pm
Posted on 12/6/25 at 4:52 pm to Riverside
quote:
Communists like the OP
Ironically, your support of forcing taxpayers to subsidize other taxpayers ia closer to Communism than anything I have ever posted
Posted on 12/6/25 at 4:54 pm to PsychTiger
quote:
Democrats who want your money to pay for their free housing.
Your tax money is paying for other people’s housing because of the deduction
Posted on 12/6/25 at 4:54 pm to Aubie Spr96
quote:
Aubie Spr96
Gets it.
Posted on 12/6/25 at 4:58 pm to weagle1999
quote:
Your tax money is paying for other people’s housing because of the deduction
If I pay less in income taxes because of the mortgage interest deduction, I am paying for other people’s housing?
Posted on 12/6/25 at 5:06 pm to Rebel
Ask RFK/SFP, PowerLessMan, Low-T boy & several other liberals on here, they’ll tell you we don’t deserve to keep any of it, based on whom they support.
When you support the liberal communist movement, the. End game is you own nothing, eat worms and like it!!!
Or off to the re-education camps.
When you support the liberal communist movement, the. End game is you own nothing, eat worms and like it!!!
Or off to the re-education camps.
Posted on 12/6/25 at 5:06 pm to Riverside
quote:
Yeah, when the standard deduction went up a few years ago, it made the mortgage interest deduction inapplicable for most people as they could not itemize as much as they could get with the standard deduction.
This is wrong. And a talking point the media peddled.
The itemization rules did not change. Instead the deduction went up such that many people no longer had a reason to itemize since they got more savings with the increased standard deduction.
It looks like you are saying the same thing he did.
Posted on 12/6/25 at 5:11 pm to Rebel
quote:
You are already taxed on the money when you earn it.
Then you are taxed again at the point of sale.
Then you are taxed in perpetuity just for owning the home.
How many times do you think the gov’t should be able to tax the same dollar?
Posted on 12/6/25 at 6:09 pm to BBONDS25
Don’t mind weagle, he’s retarded.
Posted on 12/6/25 at 6:14 pm to Riverside
quote:
Communists like the OP don’t believe in private ownership of property. They hate property rights.
Do you pay property taxes? If so, don't. You will find out real quick who owns your property.
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News