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Interest on a mortgage is tax deductible in the USA. According to Wikipedia, in 1913 "the reason for the deduction was that in a nation of small proprietors, i
by caleblloyd 10y ago
Interest on a mortgage is tax deductible in the USA. According to Wikipedia, in 1913 "the reason for the deduction was that in a nation of small proprietors, it was more difficult to separate business and personal expenses, and so it was simpler to just allow deduction of all interest" https://en.wikipedia.org/wiki/Home_mortgage_interest_deduction https://en.wikipedia.org/wiki/Home_mortgage_interest_deducti...