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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (35259)7/13/2005 1:29:18 PM
From: Mike JohnstonRead Replies (2) of 306849
 
How about taxpayers who rent.
They are subsidizing windfall profits for homeowners in 2 different ways:
1. They pay higher income taxes so that government can give housing speculators their 500K break.

2.As taxpayers they are on the hook if GSE's go bust, so that socialist housing finance system can be maintained.

Nobody likes paying taxes, but why not make them fair.
Why not eliminate taxes on stock market profits and savings ?
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