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The author correctly states that the mortgage interest deduction is a government subsidy that increases home prices. The writer seems detached from reality when stating that the mortgage interest deduction "...is driving up prices for everyone". Present govenment policy is attempting to reflate our economy in order to ...more
It is true that the mortgage interest deduction is not as widely beneficial as most people believe it to be, becasue those who don't itemize deductions get a standard deduction. The expansion of the standard deduction is one of the more significant reasons why approximately 50% of income tax return filers pay zero inco...more
I seldom comment on MSN, however I believe this to be the worst article on an income tax matter that I have ever read. I find the article offensive, and the author's rationale is seriously flawed. His first keen observation is that big houses get bigger tax breaks. No mystery there, as this is consistent with the natur...more
It is unbelievably difficult to be exposed to the political propaganda offered as news these days. The first paragraph "...they cost the U.S. Treasury a lot of money"..... oh please! You have it all backward dear card carrying comrade, the U.S. Treasury costs the productive hard working citizens of this once great nati...more
Do Americans care about the debt ceiling?The (sic. A) vast majority of Americans don't share that concern because they are too stupid to understand..., oh let's see: the federal budget, structural deficit, economics, unfunded benefit obligations, compound interest and time value of money, the value of freedom, the Cons...more
7/27/2011
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