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This page has been archived.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 yearly subscription, and save 50% off the normal subscription price! 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: 2015-02-13 1:58 pm PST

LGF User's Guide
Recent Pages
Thanos
IS ‘Erasing History’ in Nimrud, Iraq
Archaeologists and cultural officials have expressed heartbreak and outrage about the bulldozing of the ancient Assyrian city of Nimrud in Iraq. Islamic State militants began demolishing the site on Thursday, Iraqi officials said. The UN cultural body's Iraq director, ...

3 hours, 13 minutes ago
Views: 90 • Comments: 0
Tweets: 0 • Rating: 0
Doofus
Troller gets Trolled
Curt Schilling showed a young punk you don't mess with his daughter on twitter. Schilling's fond paternal congratulations were met with "tweets with the word rape, bloody underwear and pretty much every other vulgar and defiling word you could likely ...

3 days, 17 hours ago
Views: 570 • Comments: 1
Tweets: 0 • Rating: 1
Lumberhead
Pittsburgh’s Police Chief—the #EndWhiteSilence Twitpic Cop—Isn’t What He’s Cracked Up to Be
In this era of raw nerves, protests and increased tensions, Americans really want leadership. It's natural for the public and the media to desperately seek out examples that appear to affirm that our nation is changing for the better. ...

3 days, 18 hours ago
Views: 504 • Comments: 0
Tweets: 2 • Rating: 1
FemNaziBitch
The ‘War on Women’ Is the Latest War That Republicans at CPAC Want to Win
By this process, you can arrive at a conclusion like this: To win the War on Women, you better put a ring on it. At CPAC, conservatives dedicated an entire panel to "The Future of Marriage." One could be ...

4 days, 6 hours ago
Views: 501 • Comments: 1
Tweets: 1 • Rating: 3
ಠ_ಠ
Edward Snowden, Glenn Greenwald and Laura Poitras doing a Reddit AMA
Earlier today interested Redditors posed questions to Poitras and Greenwald in Los Angeles, while Snowden posted from Moscow. A rare opportunity for average people to directly communicate with the (in)famous leaker.See the entire discussion HERE Redditor masondog13 asks: What's the ...

1 week, 3 days ago
Views: 835 • Comments: 2
Tweets: 0 • Rating: 2
Rocky-in-Connecticut
Muslims Join Hands At Oslo’s Largest Synagogue
Wait a minute... watching Fox News and the Republican talking heads I learned that all Muslims are bad bad bad and in no way can Islam be interpreted as any sort of peaceful religion. news.yahoo.com OSLO (Reuters) - More than ...

1 week, 5 days ago
Views: 1,043 • Comments: 2
Tweets: 8 • Rating: 5
BadExampleMan
Help Tel Aviv Roller Derby move forward!
For the last three years it's been my privilege to help coach a dedicated group of young women who have founded the first Women's Flat-Track Roller Derby league in Israel. They've learned, trained, fought, and worked unbelievably hard to bring ...

1 week, 6 days ago
Views: 840 • Comments: 0
Tweets: 0 • Rating: 1
 Frank says:

Heaven would be a place where bullshit existed only on television. (Hallelujah! We's halfway there!) -- Television. Sometime probably in 1988. The Real Frank Zappa Book p. 234