Tuesday , 20 November 2018


Tag Archives: mortgage interest deductibility

Mortgage Interest Deductibility Should Be Eliminated! Here’s Why

“Buy as much house as you can,” real estate agents urged clients. “The more you buy, the bigger your tax break” is their advice using the mortgage interest deduction (MID) to explicitly promote over-investment in housing. Unfortunately, such advice fueled the previous housing boom and exacerbated its bust and could do so again.

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Mortgage Interest Deductibility Could Be a Fiscal Cliff Casualty – How Would It Affect Your Income?

The mortgage interest deduction — considered by many to be the sacred cow of tax breaks — has joined the list of possible items on the chopping block in the growing debate between President Obama and Congress about the so-called “fiscal cliff”. [Below is research on the merits of such a tax break elimination, the extent of the income tax increases on different income groups, the possible effects on the home ownership rate, type of houses purchased and house prices in general and their conclusion as to whether or not the elimination of such a tax break would be a sound decision.] Words: 1023

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