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In reply to the discussion: One of the reasons there is talk about getting rid of the mortgage interest deduction is [View all]PowerToThePeople
(9,610 posts)31. A couple of things
(I am not a property owner - Renter, so not currently directly effected by this)
But, It would seem as though Repugs would dislike this because of double taxation. Bank pays on profits, home owner pays on mortgage. Is this not what they whine about?
Let me get a loan with the FED, I want the best interest available. Why should I be forced to pay bank rates?
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One of the reasons there is talk about getting rid of the mortgage interest deduction is [View all]
WCGreen
Sep 2012
OP
I don't have a dog in this fight, being too poor to ever qualify for a mortgage.
kestrel91316
Sep 2012
#2
I'm presenting facts as to why the Republicans are putting this out as a possible
WCGreen
Sep 2012
#23
But the lower the interest rates available now means more people are paying more
WCGreen
Sep 2012
#43
I've been doing our own taxes for 6 or 7 years with TurboTax. The interest rate deduction
mnhtnbb
Sep 2012
#18