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To: RaisingCain

We should ALL get to deduct primary mortgage interest at full value even if we file short form. My mortgage interest never gets deducted because I file standard deduction short form. I don’t have enough deductions to exceed the standard deduction......


8 posted on 10/02/2012 8:01:11 PM PDT by Red Badger (Is it just me, or is Hillary! starting to look like Benjamin Franklin?.................)
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To: Red Badger

We should eliminate the standard deduction. it is a payoff to those who vote for government handouts.


26 posted on 10/02/2012 8:34:12 PM PDT by CharlesWayneCT
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To: Red Badger

But you want to deduct your mtg interest ON TOP of your standard deduction? Sounds pretty loop-holey to me, my FRiend.

How much are your property taxes? Very low I’d have to imagine.

Standard is, what 5800 single and twice that for married filing jointly. If your mtg. interest and property taxes and state income taxes don’t exceed that, well, what can you do? Take the higher, standard deduction.

Seriously if those three things are below the standard deduction for your filing class you should be very happy!


61 posted on 10/02/2012 9:58:17 PM PDT by jocon307
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