4 ms·
That's why you need to be more sneaky about it. In Denmark you used to be able to deduct interest 100% as far as I'm aware. According to http://da.wikipedia.o
by olau 11y ago
That's why you need to be more sneaky about it.
In Denmark you used to be able to deduct interest 100% as far as I'm aware. According to
http://da.wikipedia.org/wiki/Rentefradrag http://da.wikipedia.org/wiki/Rentefradrag
it's then been gradually decreased from 73% in 1987 to 32% in 2001. And there's a plan to decrease it further, although it is, as you point it, a really hot topic every time it comes up - "driving people from their homes" and similar headlines.
- olau 11y agoI should perhaps add that in Denmark there's an academic economic elite of researchers (with titles as "wise men", no kidding) that get a lot of attention from the press, and since the set of people elected to the parliament in many cases have a Master's degree in economic or state science where these people teach, their advice is taken really seriously. For instance, the current government which is nominally social-democratic did some pretty serious cuts to various tax-funded welfare programmes, on the advice of the wise men, to the dismay of their voters.
- tsotha 11y agoWe don't have group like that in the US. I'm not sure it would matter even if we did.
- hessenwolf 11y agoOh, but the funded think-tanks?
- tsotha 11y agoNobody cares what they think, really. They get quoted because the media has to have something to write about. I suspect property values would drop if they removed the exemption, which would make a whole lot of people very unhappy.