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read the propublica article - it explains. or be lazy. loans ;) in particular low interest loans. as high interest loans would sort of ruin the plot and those a
by kcbigring 5y ago
read the propublica article - it explains. or be lazy. loans ;) in particular low interest loans. as high interest loans would sort of ruin the plot and those are reserved for the working class.
- wmf 5y agoInterest rates aren't magic; secured loans have lower rates than unsecured.
- cycrutchfield 5y agoYour mortgage is a low interest loan. Should we tax your mortgage as income?
- lupire 5y agoYes, but deduct the house that the loan buys as an expense.
- imgabe 5y agoThen if you take a $500 million loan backed by your stock holdings to build a yacht, why not deduct the yacht as an expense?
- triceratops 5y agoThe house the mortgage paid for is taxed.
- cycrutchfield 5y agoI assume you're talking about property taxes, which is not really what we're talking about here.
- deleted 5y ago[deleted]