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_PRORATE_ the "Home Mortgage Interest Deduction"

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Re: _PRORATE_ the "Home Mortgage Interest Deduction"
Post by RandomGraysuit   » Sat Dec 15, 2012 6:12 pm

RandomGraysuit
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Not really a disagreement, just a minor quibble, and one I'm easily convinced to give in on. :)

I think it's one of those things that adds into the pile of incentives that already exist, like the US tax laws' current capital gains rate- basically, if you earn your money from dividends, stock & bond portfolios, or real estate held for at least 366 days, you pay 15% income tax. If you actually have a job and work for a living, suck it up and pay up to a 35% tax rate.

Add them all together, and you're 100% correct! You get an oligarchic, static economic structure and people start looking for the pitchforks and nooses.
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