Quote:
Originally Posted by Bertuzzied
Being able to write off mortgage interest is what killed the US.
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It's not as simple as that. I understand that they have to pay capital gains tax on the sale of their houses so they are just getting taxed at a different point in the transaction. I suppose that this might get people into houses earlier but how much tax does the at risk lower middle class american really make (and thus how much are they really getting back from this write-off)?