Comments on: Home Mortgage Interest Deductions To Be Reduced

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jacksonville divorce attorney — Wed, 20 Apr 2011 04:50:05 +0000

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By: steven

steven — Sat, 19 Mar 2011 19:04:53 +0000

I am not sure I understand your atricle- are you For or Against the MID reduction?
when you say “While initially raising $13 billion in 2013, it is estimated that moving to a credit approach would increase revenue by nearly $390 billion between 2013 and 2019″ Is that not a good thing? I read recently “The way the tax code is currently structured, individuals may deduct the interest from their home loans from their taxable income. Many Americans fail to benefit from this, as the standard deduction allowed all taxpayers often equals or exceeds the mortgage interest, effectively rendering it a non-deduction” so if there is some truth to this wouldn’t a restructering that could benefit the country by “$390 billion” be a could thing? I am not the quickest person just trying to understanding what this will do not only to our industry but to our country. Being an American I tend to want what is best for the whole country to just what is best for me.

By: bryan

bryan — Sun, 21 Mar 2010 14:07:33 +0000

Obama is a dumba$$ i don’t know who in their right mind would vote for this guy…….

By: Carnival of Real Estate #167 « Hawaii Real Estate Blog

Carnival of Real Estate #167 « Hawaii Real Estate Blog — Mon, 23 Nov 2009 20:33:13 +0000

[...] Home Mortgage Interest Deductions To Be Reduced Bob Schwartz of Brokerforyou.com Obama’s new budget plan, “includes a proposal to limit the tax rate at which high-income taxpayers can take itemized deductions to 28 percent — and the initial reserve fund would be funded in part through this provision. This provision would raise $318 billion over 10 years.” [...]

By: Oakland lawyers

Oakland lawyers — Wed, 18 Nov 2009 19:07:18 +0000

To those who think only low income people are losing their homes. WRONG....middle-class folks are losing their homes MORE than low income folks are. I think it makes some people feel good to try to put a rationale on this that it has to be people with low income, than to accept the fact that it is middle income folks more so. Oakland auto accident lawyers

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San Diego Medical Marijuana — Wed, 18 Nov 2009 19:06:28 +0000

The only way to pay that off is massive inflation-- 10-15% every year for 6-8 years. Worst part is the next President will take the fall for Greed the scope of which the world has never seen. So hold on to that house if you can, in a few years it will be worth three times its present value and that mortgage you can't afford will represent a year’s salary. San Diego Medical Marijuana

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Fresno lawyers — Wed, 18 Nov 2009 19:05:45 +0000

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