Pages

 

4 comments

Jump to bottom
1 Virginia Plain  Thu, Dec 13, 2012 5:23:26pm

Done. I'm buying my first home, and any little bit of deduction helps. Homeownership is a big responsibility, especially financial. And homeownership drives this economy, like it or not.

2 lostlakehiker  Fri, Dec 14, 2012 6:25:12am

This is a tax break for the upper reaches. Your ordinary civilian will never hit the threshold to itemize, whether or not they're paying on a mortgage.

If taxes must go up, limits on the deductions for mortgage interest make sense as a way to raise taxes. Too much is being spent on housing as it is. Houses are too big, too energy intensive, and too far flung. This is not the fault of the poor; it's a feature of upper and upper middle class life.

If you want to preserve a tax break that sometimes trickles down to helping the upper middle a bit, there are other and better ways to do it.

3 RadicalModerate  Fri, Dec 14, 2012 9:26:51am

I think there should be a homeowner's mortgage deduction - within certain limits. Purchasing a house as a primary residence would get the full tax break, and even a second "summer" home I would have no major problem with some tax relief on.
That being said, currently there are tax loopholes that allow people like mortgage "flippers" or other property investors to pay little to no taxes on what in some cases is hundreds of millions of dollars in annual transactions - which in turn gives those individuals six to seven-figure incomes with next to zero tax burden. This type of "gaming" of the system needs to be addressed.


edit:
Ugh. Looking at the poster's history, it appears that the account was created yesterday specifically to hype their own webpage.

4 philosophus invidius  Fri, Dec 14, 2012 9:50:05pm

The mortgage deduction helps everyone. Except those who can't afford to buy a house.

Other counties seem to get by without it, by the way.


This page has been archived.
Comments are closed.

^ back to top ^

TwitterFacebook

Turn off all ads for a full year by subscribing!
Take advantage of our New Year subscription special, and save 25% off the normal subscription price! For a limited time, one-year ad-free subscriptions are just $59.95. Turn off all ads for a full year by subscribing now and save!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
 Your email:

Subject:

Message:


Messages may be published unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.

Or... you can just click this button to open the Pages posting window right away.

Last updated: 2014-12-15 2:06 pm PST

LGF User's Guide
Recent Pages
Thanos
IoT Hackathon Challenges Students to Think Differently
Hackathons, Maker Fairs, and Robotic competitions are what's needed to teach our children the skills needed in the coming world of ubiquitous connectivity. If your schools are not doing these things then you should work with businesses in your area ...

8 minutes ago
Views: 38 • Comments: 0
Tweets: 0 • Rating: 0
FemNaziBitch
GOP Hopes It Has Cracked the Abortion Code - Burgess Everett and Lauren French - POLITICO
National Organization for Women President Terry O'Neill dismissed that argument, calling the rhetoric surrounding the legislation misleading and saying it amounts to overturning "Roe v. Wade completely, period." "If you say 'viability,' that's the time where a fetus can ...

18 hours, 1 minute ago
Views: 176 • Comments: 0
Tweets: 0 • Rating: 0
Rightwingconspirator
Super Bowl 2015-Glendale Arizona May Again Lose Millions
Glendale Arizona gets to underwrite the tax exempt NFL for millions. Again. Weiers suspects that when the sun sets on Super Bowl XLIX, the only real loser may be his city. "I'm sure that we're going to spend $3 million," ...

20 hours, 30 minutes ago
Views: 210 • Comments: 2
Tweets: 0 • Rating: 1
Rocky-in-Connecticut
Sports Hero Gang Sign Shame
you know those professional athlete thugs- always flashing gang signs along with his baby mama. Fine example these two are. I expect Fox News and right wing blogs to have this as their cover story pronto. instagram.com Or maybe not. ...

1 week ago
Views: 588 • Comments: 0
Tweets: 0 • Rating: 1
Skip Intro
Republican Net Neutrality Bill Would Gut FCC’s Authority Over Broadband
The party of pure evil strikes again. Net neutrality legislation unveiled by Republicans today would gut the ability of the Federal Communications Commission to regulate the broadband industry. As expected, the bill forbids the FCC from reclassifying broadband as a ...

1 week ago
Views: 516 • Comments: 2
Tweets: 2 • Rating: 5
The Vicious Babushka
Wingnuts Spend MLK Day Spewing Racism & Lies
The usual [wingnut]HURR HURR MLK WAS A REPUBLICAN & ALL TEH DEMOCRATS IS TEH RACIST LIKE THERE HERO ROBERT BYRD!!!! LBJ SAID TEH N WORD!!! HURR HURR[/wingnut] #tcot MLK Day

1 week ago
Views: 1,005 • Comments: 1
Tweets: 74 • Rating: 4
Michael McBacon
Praise - Marvin Gaye
I've been on a Marvin Gaye kick lately and thought I'd post this song. Enjoy.

1 week, 1 day ago
Views: 561 • Comments: 2
Tweets: 0 • Rating: 2
John Vreeland
John McAfee: ‘I know who hacked Sony Pictures - and it wasn’t North Korea’
"I can guarantee they are wrong. It has to do with a group of hackers - I will not name them - who are civil libertarians and who hate the confinement the restrictions the music industry and the movie ...

1 week, 1 day ago
Views: 909 • Comments: 3
Tweets: 0 • Rating: 3
Lumberhead
Shopping While Black: The Role of Race in Retail
The researchers asked the subjects a series of questions about certain behaviors they had encountered while shopping or advertisements they had noticed, and broke out the results by race. They found that across the board, non-white Americans--and especially black ...

1 week, 2 days ago
Views: 770 • Comments: 8
Tweets: 1 • Rating: 4
Shiplord Kirel
Judge Rules Rocky Ford Police Officer James Ashby Will Stand Trial for Murder in Shooting Death
LA JUNTA, Colo. - A judge ruled Thursday that there is probable cause for Rocky Ford Police Officer James Ashby to stand trial for second-degree murder in the on-duty shooting death of a 27-year-old man. Ashby will be arraigned ...

1 week, 4 days ago
Views: 840 • Comments: 0
Tweets: 16 • Rating: 5
 Frank says:

No one has forced Mrs. Baker or Mrs. Gore to bring Prince into their homes. -- PMRC Hearing 1985