THE United States spends more than $100 billion annually to subsidize homeowners. Renters get no breaks; homeowners get tons of them. Their mortgage rates are subsidized through the government-sponsored enterprises Fannie Mae and Freddie Mac; they get a big deduction on federal income taxes for mortgage interest payments and for state and local property taxes; and they even get favored treatment on capital gains from the sales of primary residences.
I was under impression that all interest used to be deductible. If that is the case the current deduction is really not a subsidy, but money not confiscated by the government. Yet.
And low-income renters do get some breaks like Section 8 and renter’s tax credit in some states (including CA).
I was under impression that all interest used to be deductible. If that is the case the current deduction is really not a subsidy, but money not confiscated by the government. Yet.
And low-income renters do get some breaks like Section 8 and renter’s tax credit in some states (including CA).
I was under impression that all interest used to be deductible. If that is the case the current deduction is really not a subsidy, but money not confiscated by the government. Yet.
And low-income renters do get some breaks like Section 8 and renter’s tax credit in some states (including CA).
I was under impression that all interest used to be deductible. If that is the case the current deduction is really not a subsidy, but money not confiscated by the government. Yet.
And low-income renters do get some breaks like Section 8 and renter’s tax credit in some states (including CA).
I was under impression that all interest used to be deductible. If that is the case the current deduction is really not a subsidy, but money not confiscated by the government. Yet.
And low-income renters do get some breaks like Section 8 and renter’s tax credit in some states (including CA).
Of course this is a subsidy. A homeowner and a renter all else being equal, the renter pays far higher income taxes. That is discrimination pure and simple.
Of course this is a subsidy. A homeowner and a renter all else being equal, the renter pays far higher income taxes. That is discrimination pure and simple.
Of course this is a subsidy. A homeowner and a renter all else being equal, the renter pays far higher income taxes. That is discrimination pure and simple.
Of course this is a subsidy. A homeowner and a renter all else being equal, the renter pays far higher income taxes. That is discrimination pure and simple.
Of course this is a subsidy. A homeowner and a renter all else being equal, the renter pays far higher income taxes. That is discrimination pure and simple.
A better description/headline for this topic would be something along the lines of “A case for ending home financing subsidies.”
It’s possible to be a home OWNER and not get the benefits (other than deductible prop taxes.) It’s called having a paid for home.
I don’t mind eliminating the mortgage interest deduction… But then again, I’m on the fast track to paying off my mortgage. My interest deduction is getting whittled away pretty fast.
A better description/headline for this topic would be something along the lines of “A case for ending home financing subsidies.”
It’s possible to be a home OWNER and not get the benefits (other than deductible prop taxes.) It’s called having a paid for home.
I don’t mind eliminating the mortgage interest deduction… But then again, I’m on the fast track to paying off my mortgage. My interest deduction is getting whittled away pretty fast.
A better description/headline for this topic would be something along the lines of “A case for ending home financing subsidies.”
It’s possible to be a home OWNER and not get the benefits (other than deductible prop taxes.) It’s called having a paid for home.
I don’t mind eliminating the mortgage interest deduction… But then again, I’m on the fast track to paying off my mortgage. My interest deduction is getting whittled away pretty fast.
A better description/headline for this topic would be something along the lines of “A case for ending home financing subsidies.”
It’s possible to be a home OWNER and not get the benefits (other than deductible prop taxes.) It’s called having a paid for home.
I don’t mind eliminating the mortgage interest deduction… But then again, I’m on the fast track to paying off my mortgage. My interest deduction is getting whittled away pretty fast.
