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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (71624)12/9/1999 11:43:00 AM
From: Michael Bakunin  Read Replies (2) | Respond to of 132070
 
Yes, it does discriminate against renters, and yes, it does create economic distortions. Please contrast traditional, dense urban development with American suburban sprawl. There apparently are those who like sprawl, but I am not one. And who likes tobaccor subsidies besides Jesse Helms? You? -mb



To: BGR who wrote (71624)12/9/1999 12:05:00 PM
From: Les H  Read Replies (1) | Respond to 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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