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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (142023)8/20/2008 12:18:13 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
It means shes a lib?. They like helicopter drops. Surely don't like the savings to the kitty to go unspent.



To: MulhollandDrive who wrote (142023)8/20/2008 12:36:22 PM
From: Cal AmariRespond to of 306849
 
I think the author's proposal to convert the mortgage interest deduction into a credit was intended to do one or more of the following:

- benefit low income taxpayers (at lower marginal tax rates) the same as high income taxpayers (at higher marginal tax rates);

- impose a cap and/or phaseout on the credit (note that most all U.S. tax credits have caps).

Just my guess as to what the author intended.


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