Getting rid of MID

[jpinpb]

In the past few days I have been listening to various programs on KPBS, including Marketplace. They are continuing to discuss eliminating the MID. If they do that, I think it could be damaging to real estate market. I also heard mention of anything over 500k not being deductible and/or no deduction on homes other than primary. So it may have little impact on other states in the US, but it will definitely be a hit in most cities in California, I think.

[temeculaguy]

It’s the third rail, they will never touch it.

It’s also the main reason we cannot move towards a flat tax, because it changes the game too much, too quickly. The government has no intention of reducing everyone’s net worth by a percentage, if they need more money they will just increase the percentage they take or make their own, not target a particular crowd if that crowd is middle class and that crowd drives the economy. They have spent billions to do the opposite, to create tax incentives above and beyond the mortgage interest deduction.

They’ve actually been going the opposite direction, allowing mortgage insurance premiums to become deductable.

PBS has a specific audience, so does Rush Limbaugh, neither are good at making predictions but they are both good at telling their audience what they want to hear.

[temeculaguy]

It’s the third rail, they will never touch it.

It’s also the main reason we cannot move towards a flat tax, because it changes the game too much, too quickly. The government has no intention of reducing everyone’s net worth by a percentage, if they need more money they will just increase the percentage they take or make their own, not target a particular crowd if that crowd is middle class and that crowd drives the economy. They have spent billions to do the opposite, to create tax incentives above and beyond the mortgage interest deduction.

They’ve actually been going the opposite direction, allowing mortgage insurance premiums to become deductable.

PBS has a specific audience, so does Rush Limbaugh, neither are good at making predictions but they are both good at telling their audience what they want to hear.

[temeculaguy]

It’s the third rail, they will never touch it.

It’s also the main reason we cannot move towards a flat tax, because it changes the game too much, too quickly. The government has no intention of reducing everyone’s net worth by a percentage, if they need more money they will just increase the percentage they take or make their own, not target a particular crowd if that crowd is middle class and that crowd drives the economy. They have spent billions to do the opposite, to create tax incentives above and beyond the mortgage interest deduction.

They’ve actually been going the opposite direction, allowing mortgage insurance premiums to become deductable.

PBS has a specific audience, so does Rush Limbaugh, neither are good at making predictions but they are both good at telling their audience what they want to hear.

[temeculaguy]

It’s the third rail, they will never touch it.

It’s also the main reason we cannot move towards a flat tax, because it changes the game too much, too quickly. The government has no intention of reducing everyone’s net worth by a percentage, if they need more money they will just increase the percentage they take or make their own, not target a particular crowd if that crowd is middle class and that crowd drives the economy. They have spent billions to do the opposite, to create tax incentives above and beyond the mortgage interest deduction.

They’ve actually been going the opposite direction, allowing mortgage insurance premiums to become deductable.

PBS has a specific audience, so does Rush Limbaugh, neither are good at making predictions but they are both good at telling their audience what they want to hear.

[temeculaguy]

It’s the third rail, they will never touch it.

It’s also the main reason we cannot move towards a flat tax, because it changes the game too much, too quickly. The government has no intention of reducing everyone’s net worth by a percentage, if they need more money they will just increase the percentage they take or make their own, not target a particular crowd if that crowd is middle class and that crowd drives the economy. They have spent billions to do the opposite, to create tax incentives above and beyond the mortgage interest deduction.

They’ve actually been going the opposite direction, allowing mortgage insurance premiums to become deductable.

PBS has a specific audience, so does Rush Limbaugh, neither are good at making predictions but they are both good at telling their audience what they want to hear.

[jameswenn]

KPBS is a poor man’s KCRW and KPCC

[jameswenn]

KPBS is a poor man’s KCRW and KPCC

[jameswenn]

KPBS is a poor man’s KCRW and KPCC

[jameswenn]

KPBS is a poor man’s KCRW and KPCC

[jameswenn]

KPBS is a poor man’s KCRW and KPCC

[jpinpb]

Well, the reason they were discussing it is b/c they were interviewing the Chairman of the Government Accountability Office who is the one who proposed it, from what I understand.

However, IHB also is discussing it: President Obama created the bipartisan commission in February to provide options on overhauling the tax system and reducing the national deficit. According to a November report, one option excludes citizens from deducting interest payments on second residences, home equity loans or mortgages over $500,000.

[jpinpb]

Well, the reason they were discussing it is b/c they were interviewing the Chairman of the Government Accountability Office who is the one who proposed it, from what I understand.

However, IHB also is discussing it: President Obama created the bipartisan commission in February to provide options on overhauling the tax system and reducing the national deficit. According to a November report, one option excludes citizens from deducting interest payments on second residences, home equity loans or mortgages over $500,000.

[jpinpb]

Well, the reason they were discussing it is b/c they were interviewing the Chairman of the Government Accountability Office who is the one who proposed it, from what I understand.

However, IHB also is discussing it: President Obama created the bipartisan commission in February to provide options on overhauling the tax system and reducing the national deficit. According to a November report, one option excludes citizens from deducting interest payments on second residences, home equity loans or mortgages over $500,000.

[jpinpb]

Well, the reason they were discussing it is b/c they were interviewing the Chairman of the Government Accountability Office who is the one who proposed it, from what I understand.

However, IHB also is discussing it: President Obama created the bipartisan commission in February to provide options on overhauling the tax system and reducing the national deficit. According to a November report, one option excludes citizens from deducting interest payments on second residences, home equity loans or mortgages over $500,000.

[Author]

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