Comments on: Why Is Interest Tax Deductible? http://weakonomics.com/2010/04/07/why-is-interest-tax-deductible/ Everything That's Wrong With You And Your Money Wed, 23 May 2012 01:09:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Weekend Reading: Hello iPad Edition | Darwin's Finance http://weakonomics.com/2010/04/07/why-is-interest-tax-deductible/comment-page-1/#comment-3805 Weekend Reading: Hello iPad Edition | Darwin's Finance Sat, 10 Apr 2010 01:25:55 +0000 http://weakonomics.com/?p=4097#comment-3805 [...] takes on the question of Why Interest is Tax Deductible.  I find it interesting that many western countries either don’t allow or recently [...] [...] takes on the question of Why Interest is Tax Deductible.  I find it interesting that many western countries either don’t allow or recently [...]

]]> By: Kosmo @ The Casual Observer http://weakonomics.com/2010/04/07/why-is-interest-tax-deductible/comment-page-1/#comment-3803 Kosmo @ The Casual Observer Thu, 08 Apr 2010 16:06:34 +0000 http://weakonomics.com/?p=4097#comment-3803 A good question is WHY the government wishes to encourage home ownership. Does living in an apartment make you a worse person? .-= Kosmo @ The Casual Observer´s last blog ..<a href="http://feedproxy.google.com/~r/TheCasualObserver/~3/GxpkQ_j8m9I/" rel="nofollow">Dispelling The Health Care Rumors</a> =-. A good question is WHY the government wishes to encourage home ownership. Does living in an apartment make you a worse person?
.-= Kosmo @ The Casual Observer´s last blog ..Dispelling The Health Care Rumors =-.

]]> By: Evan http://weakonomics.com/2010/04/07/why-is-interest-tax-deductible/comment-page-1/#comment-3797 Evan Wed, 07 Apr 2010 16:11:21 +0000 http://weakonomics.com/?p=4097#comment-3797 "So who does it help? As a future home-buyer I suspect it will help me. But it also helps the wealthy. Do I need help, probably not. Do wealthy people? You tell me. So what we’ve got is a government program that puts tax revenue back into the hands of people that can afford to buy a house. I’m just not sure why this thing exists" I am not sure it helps the really wealthy as there is a cap if the loan is too large, and the AMT disallows the deduction. Get rid of deductions and make it flat lol .-= Evan´s last blog ..<a href="http://feedproxy.google.com/~r/myjourneytomillions/feed/~3/0mDYQydXuu4/" rel="nofollow">Is Cell Phone Insurance Worth It?</a> =-. “So who does it help? As a future home-buyer I suspect it will help me. But it also helps the wealthy. Do I need help, probably not. Do wealthy people? You tell me. So what we’ve got is a government program that puts tax revenue back into the hands of people that can afford to buy a house. I’m just not sure why this thing exists”

I am not sure it helps the really wealthy as there is a cap if the loan is too large, and the AMT disallows the deduction.

Get rid of deductions and make it flat lol
.-= Evan´s last blog ..Is Cell Phone Insurance Worth It? =-.

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