On 7/23/2011 7:45 PM, John H wrote:
http://tinyurl.com/3r5l8ur

I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed.
Hell, I had that in my 21' Proline.

If they want to do away with a second home mortgage interest deduction, then do it for *all* second
homes.

Why do they pick only on boat owners?
It's all sinners that own RVs, a little shack, in the woods, or any
place other than your home.
I'm far from rich.
If they take away the Mortgage Deduction it will cost cost another
thousand a year, in taxes. that with increased cost of health care, if
they cut Medicare, and no COLAs and or reduced Social Security, would
pretty much put us in the poor house.
In o4 thigs looked like we would be able to enjoy our last years a
little. Even in 08 they looked pretty fair. The cost of everything has
multiplied, yet they tell us inflation is low. At the same time the
dollar has fallen. In 94 you could exchange seventy four cents for a
Euro. Now it takes around a dollar fifty.
The Globalists or Foreign interest have long wanted, to reduce the
dollar to parity with the lowest common denominator to help their
pockets. They can now buy two or three times as much of America. We lose
every round. Who is Washington getting their salaries from?

On 7/23/11 7:55 PM, LilAbner wrote:
On 7/23/2011 7:45 PM, John H wrote:
http://tinyurl.com/3r5l8ur

I wonder if the Democrats realize that it doesn't take a 'yacht' to
have a head, stove, and bed.
Hell, I had that in my 21' Proline.

If they want to do away with a second home mortgage interest
deduction, then do it for *all* second
homes.

All boats and all second homes over a certain value...that'll do it.

On Sat, 23 Jul 2011 20:58:14 -0400, Harryk
wrote:

On 7/23/11 7:55 PM, LilAbner wrote:
On 7/23/2011 7:45 PM, John H wrote:
http://tinyurl.com/3r5l8ur

I wonder if the Democrats realize that it doesn't take a 'yacht' to
have a head, stove, and bed.
Hell, I had that in my 21' Proline.

If they want to do away with a second home mortgage interest
deduction, then do it for *all* second
homes.

All boats and all second homes over a certain value...that'll do it.

What if you travel around in an RV and trailer a boat?

What if you live on your large yacht and have a very big dinghy?

LOL

On 7/23/2011 9:35 PM, wrote:
On Sat, 23 Jul 2011 20:58:14 -0400,
wrote:

On 7/23/11 7:55 PM, LilAbner wrote:
On 7/23/2011 7:45 PM, John H wrote:
http://tinyurl.com/3r5l8ur

I wonder if the Democrats realize that it doesn't take a 'yacht' to
have a head, stove, and bed.
Hell, I had that in my 21' Proline.

If they want to do away with a second home mortgage interest
deduction, then do it for *all* second
homes.
All boats and all second homes over a certain value...that'll do it.
What if you travel around in an RV and trailer a boat?

What if you live on your large yacht and have a very big dinghy?

LOL
Eliminate all mortgage interest deductions. That'll do it better.

On Jul 23, 9:44*pm, Florida Jim wrote:
On 7/23/2011 9:35 PM, wrote:







On Sat, 23 Jul 2011 20:58:14 -0400,
wrote:

On 7/23/11 7:55 PM, LilAbner wrote:
On 7/23/2011 7:45 PM, John H wrote:
http://tinyurl.com/3r5l8ur

I wonder if the Democrats realize that it doesn't take a 'yacht' to
have a head, stove, and bed.
Hell, I had that in my 21' Proline.

If they want to do away with a second home mortgage interest
deduction, then do it for *all* second
homes.
All boats and all second homes over a certain value...that'll do it.
What if you travel around in an RV and trailer a boat?

What if you live on your large yacht and have a very big dinghy?

LOL

Eliminate all mortgage interest deductions. That'll do it better.

At least it would be fair across the board. Might not be popular and
might have a somewhat detrimental impact on the housing market. It
would probably help the rental market though.

On 7/24/2011 9:15 AM, John H wrote:
On Jul 23, 9:44 pm, Florida wrote:
On 7/23/2011 9:35 PM, wrote:







On Sat, 23 Jul 2011 20:58:14 -0400,
wrote:
On 7/23/11 7:55 PM, LilAbner wrote:
On 7/23/2011 7:45 PM, John H wrote:
http://tinyurl.com/3r5l8ur
I wonder if the Democrats realize that it doesn't take a 'yacht' to
have a head, stove, and bed.
Hell, I had that in my 21' Proline.
If they want to do away with a second home mortgage interest
deduction, then do it for *all* second
homes.
All boats and all second homes over a certain value...that'll do it.
What if you travel around in an RV and trailer a boat?
What if you live on your large yacht and have a very big dinghy?
LOL
Eliminate all mortgage interest deductions. That'll do it better.
At least it would be fair across the board. Might not be popular and
might have a somewhat detrimental impact on the housing market. It
would probably help the rental market though.
Fair would be nice.

There is no housing market currently.

Why should the IRS be involved in giving perks for taxpayers receiving
loans?

At current loan rates, are we talking a lot of money in interest deductions?

The IRS is trying to manipulate our lives with deductions, exemptions,
and credits.
*It's not fair*

On Sun, 24 Jul 2011 09:45:25 -0400, Florida Jim wrote:

On 7/24/2011 9:15 AM, John H wrote:
On Jul 23, 9:44 pm, Florida wrote:
On 7/23/2011 9:35 PM, wrote:







On Sat, 23 Jul 2011 20:58:14 -0400,
wrote:
On 7/23/11 7:55 PM, LilAbner wrote:
On 7/23/2011 7:45 PM, John H wrote:
http://tinyurl.com/3r5l8ur
I wonder if the Democrats realize that it doesn't take a 'yacht' to
have a head, stove, and bed.
Hell, I had that in my 21' Proline.
If they want to do away with a second home mortgage interest
deduction, then do it for *all* second
homes.
All boats and all second homes over a certain value...that'll do it.
What if you travel around in an RV and trailer a boat?
What if you live on your large yacht and have a very big dinghy?
LOL
Eliminate all mortgage interest deductions. That'll do it better.
At least it would be fair across the board. Might not be popular and
might have a somewhat detrimental impact on the housing market. It
would probably help the rental market though.
Fair would be nice.

Agreed.

There is no housing market currently.

Actually there is, but it would get a hell of a lot worse without the interest deduction.

Why should the IRS be involved in giving perks for taxpayers receiving
loans?

Already discussed. The IRS didn't do it, our presidents and congressfolk did it.

At current loan rates, are we talking a lot of money in interest deductions?

Well, look at this:

Basic info
Interest rate [?] 4.250%
APR (annual percentage rate) [?] 4.560%
Loan type [?] 30-year fixed
Points [?] 0.500
Loan amount [?] $400,000
Pre-payment penalty [?] None
Lock period [?] 30 days
Monthly payment
Principal & interest [?] $1,967

Now, $400,000 divided by 360 payments gives $1111 as the amount towards principal, which would leave
$856 of interest paid each month. That would give me a deduction of $10,272. That's a pretty
significant deduction.

The IRS is trying to manipulate our lives with deductions, exemptions,
and credits.

Not the IRS, your president and congressfolk.

*It's not fair*

That's what I said up front!

On Sun, 24 Jul 2011 06:15:23 -0700 (PDT), John H
wrote:

Eliminate all mortgage interest deductions. That'll do it better.



At least it would be fair across the board. Might not be popular and
might have a somewhat detrimental impact on the housing market. It
would probably help the rental market though.

===========

Home ownership has always been part of the American dream and the
interest rate deduction is a tacit reaffirmation of that goal.
Without question home ownership leads to a more stable citizenship and
increased two parent family formation. Those were worthwhile goals at
the time and still are.

On 7/24/2011 10:47 AM, Wayne B wrote:
On Sun, 24 Jul 2011 06:15:23 -0700 (PDT), John H
wrote:

Eliminate all mortgage interest deductions. That'll do it better.

At least it would be fair across the board. Might not be popular and
might have a somewhat detrimental impact on the housing market. It
would probably help the rental market though.
===========

Home ownership has always been part of the American dream and the
interest rate deduction is a tacit reaffirmation of that goal.
Without question home ownership leads to a more stable citizenship and
increased two parent family formation. Those were worthwhile goals at
the time and still are.


Home ownership is nothing without equity. Some folks become homeowners
for a short while then walk away. because they couldn't afford the house
in the first place or lost a job. That's not the American dream.
You are usually right on the money, but "tacit reaffirmation" is pure
bull****.

On Sun, 24 Jul 2011 10:47:58 -0400, Wayne B
wrote:

On Sun, 24 Jul 2011 06:15:23 -0700 (PDT), John H
wrote:

Eliminate all mortgage interest deductions. That'll do it better.



At least it would be fair across the board. Might not be popular and
might have a somewhat detrimental impact on the housing market. It
would probably help the rental market though.

===========

Home ownership has always been part of the American dream and the
interest rate deduction is a tacit reaffirmation of that goal.
Without question home ownership leads to a more stable citizenship and
increased two parent family formation. Those were worthwhile goals at
the time and still are.

Not according to some right-wing assholes in Congress, however.