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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (44657)11/2/2005 11:33:59 AM
From: Ramsey Su  Read Replies (2) of 110194
 
$411,704, the max mortgage amount at 6% interest, equates to $24,702 interest per year. The 15% credit limits deduction to $3,705.

This could easily be a 100% tax increase for homeowners with $400,000 mortgages and a lot more for those in bubble areas with higher mortgages.

Looking at the highlights of this whole tax reform package, I can only conclude that we have a braindead pandemic in Washington. What the hell is this "reform" going to accomplish?
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