Uncensored2008
Libertarian Radical
It's not "homeowners" who get a tax break with the mortgage interest deduction.
And yet, less cash is taken from my pocket....
It's people who maintain housing debt.
IE, the middle class who buy homes with a mortgage.
People who save their money and pay cash for a home don't get the break.
With the average house costing $400K - this means only the top 1%
The law is a coercive incentive to push people into taking out home loans they might not otherwise.
Bullshit.
No one ever bought a home because the allure that 4% of interest paid on a home could be deducted from taxable income. What an utterly stupid claim.
That benefits banks who offer the loans and home sellers. Whether you consider that a 'subsidy' or just a nice perk for the banks and builders doesn't really matter.
A completely different subject. This is where I get irritated with you DB, you are an ideologue and tend to make Libertarians look like nutjobs.
I oppose income taxation on principle. IF there must be income taxation, I would advocate for a flat tax with zero deductions. BUT this does nothing to change my point. That some Communist whackjob site posts this as "a tax break for the rich" is a demonstration of just how deranged the left are.
Look, this retard dcraelin is just another drooling KOS kiddie spewing Marxist rhetoric. Further, he lacks the intellect and eduction to even grasp that it IS Marxist rhetoric. Smacking him down is a public service.
What matters, to me at least, is that manipulating our economic decisions like that isn't why we gave government the power to tax us. And I don't think we should let them get away with using it in that way.
Again, that isn't the subject at hand. Argue for the repeal of the 16th and I'm right there with you. Call for a flat tax with zero deductions and I agree - BUT that isn't the subject here.
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