irvine_home_owner_IHB
New member
I didn't see anyone post this but I found it very interesting:
<a href="http://www.ocregister.com/articles/tax-mortgage-interest-2229103-costs-home">http://www.ocregister.com/articles/tax-mortgage-interest-2229103-costs-home</a>
<em>"This is my simple plan: Double the deductibility of mortgage payments. Yes, double. Right now the typical mortgage holder gets a $1 tax deduction for every $1 your pay in interest. Why not boost that to $2 of deductibility for each dollar of interest paid."
</em>
Regardless of how you feel about Lasner... would something like this be better than the $700bil bailout?
It goes straight to the people... the rich can't take advantage of it (hopefully) and if you are overextended... this won't help you very much.
Opinions?
<a href="http://www.ocregister.com/articles/tax-mortgage-interest-2229103-costs-home">http://www.ocregister.com/articles/tax-mortgage-interest-2229103-costs-home</a>
<em>"This is my simple plan: Double the deductibility of mortgage payments. Yes, double. Right now the typical mortgage holder gets a $1 tax deduction for every $1 your pay in interest. Why not boost that to $2 of deductibility for each dollar of interest paid."
</em>
Regardless of how you feel about Lasner... would something like this be better than the $700bil bailout?
It goes straight to the people... the rich can't take advantage of it (hopefully) and if you are overextended... this won't help you very much.
Opinions?