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To: madison10
All bets are off if the government decides that interest deductions for homes are benefits of the “rich” and puts a stop to the practice.

Never should have been a deductions to start with.

8 posted on 07/15/2009 6:57:44 AM PDT by org.whodat
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To: org.whodat
Never should have been a deductions to start with.

Why not?

21 posted on 07/15/2009 7:05:12 AM PDT by Travis T. OJustice (I can spell just fine, thanks, it's my typing that sucks.)
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To: org.whodat
Never should have been a deductions to start with.

Actually, that's not true. Don't forget, interest is income to the one receiving it, and ALL interest, including cars, credit cards, etc. used to be deductible. I'll grant you that made more sense than the way it is now, but I disagree that interest in general shouldn't be deductible unless receipt of interest is non-taxable.

48 posted on 07/15/2009 7:24:15 AM PDT by Still Thinking (If ignorance is bliss, liberals must be ecstatic!)
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To: org.whodat

The lifetime renter speaketh


112 posted on 07/15/2009 9:44:59 AM PDT by newbie 10-21-00
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