wrote in message
...
On Sat, 12 Jun 2010 11:11:14 -0700, "nom=de=plume"
wrote:


wrote in message
. ..
On Sat, 12 Jun 2010 09:37:25 -0600, Canuck57
wrote:

On deduction that should be phased out is mortgage tax deductability as
you get older. Say at 20 you get the full benefit, but as you get older
say to 50 it disappears. Encouraging people to have their homes 100%
paid for in due time. That is, reduce mortgage deductabiltiy
encouraging equity in the home.

So when the economy tiffs, they are less likely to toss the keys to the
repo man. And be in a hell of a lot better position for retirement.
But this would be progressive and will not happen as the US economy is
now built on debt that is going delinquent.

The other deduction that should go is the "2d home" mortgage
deduction. That is what fueled the "want house" market at the expense
of the taxpayer.

The first is just politically impossible. The second isn't a bad idea, but
it is also highly unlikely. It goes right back to if someone has it, they
don't want to give it up. How do you plan on forcing people to give up
these
deductions?


Tyler again. As long as people get to vote for the taxes they pay they
will always vote themselves a "generous benefit"

So, I ask again, what's your solution? Take away their ability to vote??