1 posted on
09/25/2007 12:44:49 PM PDT by
Man50D
To: ancient_geezer; Taxman; pigdog; Principled; EternalVigilance; PhilWill; kevkrom; n-tres-ted; ...
2 posted on
09/25/2007 12:45:19 PM PDT by
Man50D
(Fair Tax, you earn it, you keep it!)
To: Man50D
The home building market would greatly benefit from enactment of the FairTax. There are two points of concern here: (1) The elimination of the home mortgage interest deduction and (2) the different treatment between new and used housing. The 30% tax on new homes is the much bigger concern than the interest deduction. It makes the bill a non-starter for me. And I know better than to believe the line of BS that the fairtax lies about the costs coming down. We've been over that road a million times and all we get is double-speak from the fairtax organization.
To: Man50D
What about that mortgage insurance fee I pay ever month on my FHA loan? Will that damn thing go away.
5 posted on
09/25/2007 2:05:57 PM PDT by
wolfcreek
(The Status Quo Sucks!)
To: Man50D
“With the FairTax, mortgage interest rates will fall by approximately 25%, which will allow you to buy more house or pay off your existing housing loan sooner.”
Why would that happen (mortgage interest rates falling)?
9 posted on
09/25/2007 11:30:56 PM PDT by
Sun
(Duncan Hunter: pro-God/life/borders, understands Red China threat, NRA A+rating! www.gohunter08.com)
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