[quote=no_such_reality][quote=patb]Cap the Deduction to 250K incomes, then start a 12 year phase out process where in 2013, you can only deduct 95% of the interest, and keep spooling it down
until 2025.[/quote]

Obviously, either my wife or I just need to quit working.[/quote]

Better yet, just file for a divorce in name only and hold the property under “tenants in common”…..Then you won’t trigger the cap…Works well to escape the “tax on wealthy” too…