By: Wall Street Pit
August 16, 2013 at 19:24 PM EDT
The Mortgage Interest Deduction Scam
Arnold Kling adds some perspective to the debate over the mortgage interest deduction. 1) If I buy a property and rent it out, then my income is equal to the rent that I get, minus expenses, including interest payments on a mortgage. Thus, I get to deduct mortgage interest. (2) If homeowners could not deduct [...] View the full post at: The Mortgage Interest Deduction Scam Related posts: Financial Crisis Was Rooted in the Corporate Income Tax Interest Deduction Homes vs Stocks On Mortgage Debt and Aging
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