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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ChanceIs who wrote (56042)6/14/2006 11:36:06 AM
From: bentwayRead Replies (2) of 306849
 
I've always felt that a much more "progressive" tax break would be to make RENT deductible, but remove the mortgage interest deduction.

I'd really rather see a flat income/cap gains tax with no deductions whatsoever, only starting at a certain income level, say $15k a year. No distinction between types of income, wages and cap gains. All types of compensation would have to be counted as income and a value assigned.
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