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

To: Les H who wrote (295263)	12/3/2010 4:06:52 AM
From: GST	Read Replies (1) \| Respond to of 306849

The charitable giving also references 12% -- it is really not clear to me. The max is a mortgage of $500k -- so if I follow you, it would be maxed ar 12% of a 500k mortgage as a tax credit which = interest of something like $2k per month on a new mortgage or $24k per year times .12 = $2,800 per year which almost nothing compared to the existing tax treatment where taxable income would be reduced by $24k. Is that it? Sorry for such a simple question, but so far I don't get it.