I can't believe what I'm hearing here. When people make their decisions on where to live and how to invest their money to make more money the mortgage tax deduction pays a huge role. What is wrong with that? We're not talking about people who are in debt. The class envy here is just flooring me.
What's wrong with that you ask? If you don't know, then no amount of explanation will suffice. Just where the hell did you see any class envy from my post. Apologize NOW.
My premise, fully supported by the skewered cow syndrome on this thread is and remains: "The tax code should be used for legal functions of the government and not social engineering."
If anyone believes otherwise then my point has been proved even further. Once these deductions become part of the fabric of how we do business, then our decisions are based upon tax code and not what is right.
I see this everyday in business. There are many decision made that are not really the best thing for the company but because of the tax implications, we do it anyways.