3 ms·
The mortgage interest deduction was an accidental side-effect of pro-business regulation, and it doesn’t advance any reasonable societal goals. It’s effectively
by Decade 6y ago
The mortgage interest deduction was an accidental side-effect of pro-business regulation, and it doesn’t advance any reasonable societal goals. It’s effectively a regressive tax break, the richer the beneficiary the larger the tax break, up to ordinary 7-digit millionaire.
https://www.nytimes.com/2006/03/05/magazine/who-needs-the-mortgageinterest-deduction.html https://www.nytimes.com/2006/03/05/magazine/who-needs-the-mo...