Few people affected by reduction mortgage tax benefit
« prev   random   next »
1   Tenpoundbass   ignore (6)   2017 Nov 6, 10:54am   ↑ like (0)   ↓ dislike (0)     quote      

Less than 10% of America can even afford a $500 + Mortgage. Which is really how much of a mortgage you need to be paying on for the MID to even factor into shit would you fist fight people over. And only the top 5% can even afford it comfortably.

2   joeyjojojunior   ignore (1)   2017 Nov 6, 11:19am   ↑ like (0)   ↓ dislike (1)     quote      

Tenpoundbass says
Less than 10% of America can even afford a $500 + Mortgage. Which is really how much of a mortgage you need to be paying on for the MID to even factor into shit would you fist fight people over. And only the top 5% can even afford it comfortably.


That's not even close to being true. When you add state, local and mortgage interest together, I'd bet that a $200K mortgage will enable one to come out better itemizing in a lot of states.
3   Satoshi_Nakamoto   ignore (0)   2017 Nov 6, 11:24am   ↑ like (0)   ↓ dislike (0)     quote      

" it neglected to point out that the principal dwindles over time "

Is today the National State The Obvious Day?

Comment as anon_6162b or log in at top of page: