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we're paying off the mortgage in two weeks- 25 years early. BlueMan Votes Nov 2012 #1
Congratulations. Fridays Child Nov 2012 #2
Do you pay a marginal rate greater than 28%? (i.e. >$178k single income) high density Nov 2012 #16
That's the key. If it's just limiting it, rather than eliminating it, it may not be a bad idea. Gormy Cuss Nov 2012 #28
actually it is, because your property's value is based in part on others' effective borrowing costs. unblock Nov 2012 #8
only if we plan to sell the house. BlueMan Votes Nov 2012 #27
Awesome. So you got yours. Earth_First Nov 2012 #12
You do realize that there are many who are not in the same situation don't you? still_one Nov 2012 #44
yep. but i have enough of my own concerns to lose sleep over... BlueMan Votes Nov 2012 #52
Wouldn't it be nice if someone worried about universal health care, and someone worried about still_one Nov 2012 #57
i already have affordable healthcare. i've been on Medicare for 16 years. BlueMan Votes Nov 2012 #58
Fuck that. Vattel Nov 2012 #3
Well, that is surely going to help the housing situation in this country Trailrider1951 Nov 2012 #4
DING.....DING....DING. yourout Nov 2012 #7
Unfortunately.....home "buyers" subsidized renters for decades... Swede Atlanta Nov 2012 #32
Mortgage interest deduction is regressive taught_me_patience Nov 2012 #5
+1 LeftyMom Nov 2012 #6
Baloney. Lots of blue collar,working class families own houses. virgogal Nov 2012 #10
everyone benefits, if only indirectly. unblock Nov 2012 #13
I used to work in rental management. Believe me, the owners were not passing their savings along. LeftyMom Nov 2012 #14
not as a direct line item in anyone's rental contract, of course unblock Nov 2012 #19
Property owners are charging what they can get away with, and not a cent less. LeftyMom Nov 2012 #24
again, it's a market effect, so you're not going to see it looking at any one owner's situation. unblock Nov 2012 #30
It's an imaginary effect. The reality is that property owners can buy policy and renters can't. LeftyMom Nov 2012 #34
check your history. unlike many tax loopholes, this one was one of those put in just for the rich. unblock Nov 2012 #48
How does that increase revenue for the country? That's what removing the MID is about. nt Honeycombe8 Nov 2012 #20
removing the deduction raises revenue for the government directly, unblock Nov 2012 #26
I was asking how adding a rental payment to deductions increased revenue. nt Honeycombe8 Nov 2012 #33
it doesn't, at least not directly unblock Nov 2012 #46
Please explain to me how this works taught_me_patience Nov 2012 #50
What? The poor can ACTUALLY get subsidized housing JimDandy Nov 2012 #29
Where? There's a years long wait to get on the years long waiting list for Section 8. LeftyMom Nov 2012 #35
True, the waiting time to get Section 8 JimDandy Nov 2012 #37
No, there was a years long wait to get on the wait list for Section 8 when times were good. LeftyMom Nov 2012 #39
It's all a balancing act. JimDandy Nov 2012 #43
It isn't because of mortgage deduction why the poor suffer, it is because of trillion dollar wars still_one Nov 2012 #45
Well I guess we should have worked harder to re-elect Obama. Warren Stupidity Nov 2012 #9
The only thing I expected from President Obama is choosing good Supreme Court Justices still_one Nov 2012 #47
I could see a cap on it ProgressiveProfessor Nov 2012 #11
It really needs to be a cap WinniSkipper Nov 2012 #18
That would damage the high end market in major cities... ProgressiveProfessor Nov 2012 #21
I may be calculating this wrong WinniSkipper Nov 2012 #53
Dems would lose California if a cap were implemented. taught_me_patience Nov 2012 #51
Dems better not let piglicons soak us out of that for richie rich. lonestarnot Nov 2012 #15
Pssst... Earth_First Nov 2012 #17
I'm not worried too much. lonestarnot Nov 2012 #23
What were house prices when that mortgage deduction began? julian09 Nov 2012 #25
This sounds very bad. blackspade Nov 2012 #22
It will be last time i ever vote for any R or D again if they do nolabels Nov 2012 #36
The Supreme Court was the main reason for voting Democratic at least this time still_one Nov 2012 #49
I will not die of a thousand cuts nolabels Nov 2012 #55
It is important. It is a lifetime appointment. We lost in 2000 because of the Supreme Court. still_one Nov 2012 #56
It doesn't sound bad if you read the article. high density Nov 2012 #41
eliminate corporate and military welfare. problem solved. thank you so much nt msongs Nov 2012 #31
There is an income cap on the mortgage deduction jmowreader Nov 2012 #38
"Taxing the rich alone won't do it" PSPS Nov 2012 #42
Reducing taxes on the rich sure helped put us in the hole. So why not let their taxes kelliekat44 Nov 2012 #61
Taxing the rich is a huge part of my plan jmowreader Nov 2012 #63
This is the same trick as it has always been PSPS Nov 2012 #40
actually, the rich do use mortgages, as an instrument to make money. uncle ray Nov 2012 #59
No No and NO! loudsue Nov 2012 #54
We lost that in the UK back in April 2000. dipsydoodle Nov 2012 #60
Reagan used affirmative action to make poor whites jealous, Walker used benefits of public workers PurityOfEssence Nov 2012 #62
Touching it would be political suicide. Blue Hen Buckeye Nov 2012 #64
The Worry Nannies are out in full force ROFL, what part of high-income households did you miss? snooper2 Nov 2012 #65
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