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April 21, 2009

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Over the long run, this might not be good, but abandoning it on the short term would do more harm than good.

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-Justin Bill

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what happens if u use ur car for 100% business ? does that get deducted...

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it may also good for us....this article is just an opinion, with some backing of not so hard facts and data...but not precise.

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2010 was kinda a bizarre year for the mortgage market. In the first half of the year, you had a decent number of home sales keeping mortgages for purchases stable, thanks to the home buyer credit. In the second half of the year, that changed as demand crumbled when the credit was withdrawn. At the same time, you had very low mortgage interest rates throughout much of the year cause a mini-refinancing boom. 2011 will look very different, as the housing demand continues to struggle and mortgage interest rates have begun rising.

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which are another example of what some people call the "lexicalist hypothesis", a view that has occasionally -- but erroneously -- been inferred from some previous writings of mine. Since my linguistic creativity is infinite, I can categorically state that there aren't templates of any sort.

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This is an interesting counterpoint!

pbrcpa

I think the best way to accomplish this would be to reduce the deductible amount $75k per year for 10 years until it is phased out from $1m (plus, 100k of second mortgage debt!) and stop at $200k. not zero.

This provides some incentive for the home builders and all the lobbyists who argue removing the deduction will kill the housing industry and construction and and and (none of which I believe will occur if you phase it out over 10 years and leave a small threshold in place).

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Love to see the mortgage interest deduction being discussed.

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It does not follow that because we do not subsidize smoking, we should not regulate unhealthy activities. Costs and savings are not the only variable. The fact that obesity creates costs is merely an additional reason to regulate it, not the only one. The main reason is its danger to an individual. You are dismissive of subsidizing smoking precisely because of this moral intuition.

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For every property that we have, there is a right tax that we should pay to the government. This blog shows some facts about taxes on our properties.

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