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« Pentagon Spends $1.5 Million To Develop New Beef Jerky | Main | CNBC: Gloomy Marc Faber Is Optimistic About This Region »
Thursday
Nov152012

Diana Olick: If Mortgage Deduction Is Taken Away...

Solid update on the latest in housing, in particular the final 60 seconds, related to the deductibility of mortgage interest and principal writedowns.

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Reader Comments (2)

Eliminate the Mortgage Interest & Principal Tax Deduction ON ALL HOMES OF $499,500 OR MORE!
Apply and income Tax Rate of $35% ON ALL TAXPAYER WAGES & INCOME - REGARDLESS OF SOURCE!
ELIMINATE MULTIPLE DEDUCTIONS, TAX BREAKS & TAX INCENTIVES for Companies with OVER $100 MILLION in FY Revenue.
INCREASE AUDITS for Individuals with over $1M in Wages, Income & Capital Gains; & CORPS. with > $100 M in FY Revenue.

GOVT SEIZURE OF FIXED ASSETS OF CORPS. & INIVIDUALS RELOCATING/THAT RELOCATE TO AVIOD U.S. TAXES!
Nov 16, 2012 at 5:27 PM | Unregistered CommenterJosephConrad
No one ever mentions that even at a 100% tax rate on ALL taxpayers, Obama would still have a deficit.

There is simply no amount of new revenue that could cover his spending. That's why he uses Ben Bernanke to print $2 trillion a year in new currency.

Carter did the same thing, but he had to suffer inflation immediately; Bernanke has come up with a new Ponzi scheme to defer inflation for 10 years by buying treasuries.

The end result will be the same. Thanks, Obama.
Nov 19, 2012 at 6:38 AM | Unregistered CommenterBob

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