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No mortgage interest tax deduction for owner-occupied dwellings but the exemption of capital gains tax is far larger in terms of revenue foregone.
by hugh-avherald 8y ago
No mortgage interest tax deduction for owner-occupied dwellings but the exemption of capital gains tax is far larger in terms of revenue foregone.
- elyobo 8y agoProbably; they're both massive, no doubt about that. Interest rates are low right now, but in general you're probably paying around double the value of a property over a 30 year mortgage, that's a sizeable tax deduction.