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To: ancient_geezer

As far as mortgages go, the legislation provides for mechanisms to allow banks and financial institutions to create loans where any NRST would be folded into the a persons house payments.




that just the way it works now - home prices include 22-33% taxes. we get mortgages today that include taxes in the price of homes.


425 posted on 08/29/2004 12:51:09 PM PDT by Chilldoubt
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To: Chilldoubt

Interest is payment for a taxable service. You would also pay sales tax on a portion of the interest on the loan. (as you would on all your loans - eg. credit cards)


427 posted on 08/29/2004 12:55:39 PM PDT by Your Nightmare
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