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Congress to eliminate mortgage interest tax deduction
"Dave" wrote in message
... On Mon, 29 Sep 2008 10:04:36 -0700, "Capt. JG" said: Congress has eliminated other deductions in the past. I suppose if the other inequities in the tax system were fixed, the elimination of this deduction wouldn't be the end of the world. But it would be the end of the world otherwise? I don't think so. Well, I recall when they eliminated credit card interest. Those with really high balances that they were carrying weren't very happy. But, mortgages are a bit different isn't it... slightly higher amounts, much larger impact on every-day people. Or, do you think no adjustment in the other tax issues is ok... everything fair? Oh I forgot. You believe in destroying the middle class before you save it. So you do believe the world would end if mortgage interest ceased to be deductible. Asked and answered. -- "j" ganz @@ www.sailnow.com |
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