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Politics : Ask Michael Burke

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To: BGR who wrote (71624)12/9/1999 12:05:00 PM
From: Les H  Read Replies (1) of 132070
 
Allowing mortage interest deduction also runs counter to other tax laws. I believe you can't deduct interest for making tax-exempt investments. Since the cap gains on residential homes are primarily exempt from tax, this makes it double tax-free. But then, there are plenty of other double- and triple-tax free situations, such as religious entites and charitable contributions to organizations.
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