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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Nov 15, 2012 at 6:27 PM
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Reader Comments (2)
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!
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.