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Tax Deduction Under Fire for 'McMansions' [RAT wants to end Deduction if House > 3K Sq Ft]
Washington Posy ^ | 10/24/08 | Kenneth Harney

Posted on 10/24/2008 2:20:33 PM PDT by freespirited

click here to read article


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To: freespirited

We really need a limit of 2 terms per lifetime. these guys stay in for half a lifetime and turn despotic or queer and we have to suffer them.


41 posted on 10/24/2008 3:12:58 PM PDT by Waco ( G00d bye 0'bomber)
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To: freespirited

Al Gore is so screwed.


42 posted on 10/24/2008 3:14:50 PM PDT by informavoracious (Oust all incumbents.)
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To: freespirited

“cutoff of mortgage-interest tax deductions for houses with more than 3,000 square feet. “

Wouldn’t that mean that Gore and Edwards would loose deductions? Or are they exempt because they are part of the elite?


43 posted on 10/24/2008 3:22:19 PM PDT by JSteff ( It is ALL about SCOTUS, forget the name of the candidates and vote on that!)
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To: freespirited

Well, time to go dynamite away a couple of rooms off of the house!!! Got to keep that mortgage tax deduction!!!

(Just kidding — our house is less than half that 3,000 sq. ft., but Dingell claims this is to reduce “carbon emissions???” Whaaaatttt??????)


44 posted on 10/24/2008 3:30:00 PM PDT by CaliforniaCon
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To: theBuckwheat
“Yet another reason for the Fair Tax.”

As to this point I have seen NO STRONG push to eliminate withholding and the IRS. With out BOTH as preliminaries to the “fair tax” we will end up with both.

So are all those calling for fair tax out protesting JUST the with holding and IRS? NO? Getting the fair tax will NOT make the IRS go away.

End withholding FIRST and you will have my vote. Without ending both FIRST it is just another SCAM to get our money.

As evil as the IRS and withholding are, it means only one tax. IRS + no end to IRS and withholding = all in place and taxing us.

Face facts and past performance of our government. Use your head about this.

45 posted on 10/24/2008 3:35:45 PM PDT by JSteff ( It is ALL about SCOTUS, forget the name of the candidates and vote on that!)
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To: freespirited

Just in the past week we have the Obama Democratsd wanting to kill off ALL tax breaks for 401(k) accounts, for deposits and capital gains, and now they want to kill off housing tax breaks.

This is what the Obama/Pelosi administration wants to do: Tax & Spend.


46 posted on 10/24/2008 3:36:39 PM PDT by CodeToad
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To: CaliforniaCon

“Well, time to go dynamite away a couple of rooms off of DINGELL’s house!!!


47 posted on 10/24/2008 3:39:55 PM PDT by verity ("Lord, what fools we mortals be!")
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To: freespirited

Stupid effort anyways. If you can afford a large home then AMT kills the mortgage deduction.


48 posted on 10/24/2008 3:42:03 PM PDT by PA Engineer (Liberate America from the occupation media.)
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To: Harry Wurzbach
“I guess they can force lenders to identify if a home meets a certain classification when they send in the interest paid form to the IRS.”

No, they would force real estate appraisers to certify the size of every home they appraise and send in forms to the government. They will leave banks out of it as they did with the savings and loan scandals.

Banks are big money contributors to the politicians.

49 posted on 10/24/2008 3:42:05 PM PDT by JSteff ( It is ALL about SCOTUS, forget the name of the candidates and vote on that!)
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To: freespirited

If they’re going to do this, would it be a lot simpler to limit the amount of interest to be deducted to some max amount?

That wouldn’t require people to measure their homes, and the IRS to worry about the size. Nor would it create bizarre anomalies at the threshold.


50 posted on 10/24/2008 4:00:27 PM PDT by Atlas Sneezed (Guns don't kill people, criminals and the governments that create them do.)
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To: Terpin
Have they completely lost their minds?

Nope. They are just getting started.

51 posted on 10/24/2008 4:01:14 PM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote!)
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To: ncfool; freespirited

Is this what you heard about?

http://www.politickernh.com/brianlawson/4382/jennifer-horn-wants-eliminate-federal-mortgage-deduction

It’s just a spin against the flat-tax.


52 posted on 10/24/2008 4:02:53 PM PDT by dan1123 (If you want to find a person's true religion, ask them what makes them a "good person".)
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To: freespirited

My house is more than 3K, but we have 9 people living in it.

Why should we be punished if using less energy per person than a family of 4 living in a 1500 sg ft house?


53 posted on 10/24/2008 4:16:06 PM PDT by CMoran325
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To: freespirited

How about they just round up the people with large homes and gas them. O/S

Isn’t that how Hitler got started? Taking one group of people and inch by inch taking things away from them?


54 posted on 10/24/2008 4:37:36 PM PDT by HonestConservative (Go Baroke with Barack)
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To: freespirited

The Liberty Tree is looking a little droopy; better water it again.

55 posted on 10/24/2008 4:54:09 PM PDT by ApplegateRanch (The Great Obamanation of Desolation, attempting to sit in the Oval Office, where he ought not..)
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To: freespirited
"In order to address the issue of climate change, we must address the issue of consumption," Dingell said in talking points prepared for town-hall discussions of the legislation. "We do that by making consumption more expensive."

No need; just use the Rat's usual method of putting everyone out of work, and taxing what they have left out of them. No money, no consumption. Simple.

In fact, Mr. Dingleberry, maybe you better embezzle (mis)appropriate some tax money to buy a A-380 to fly around the country to promote this.

56 posted on 10/24/2008 5:03:41 PM PDT by ApplegateRanch (The Great Obamanation of Desolation, attempting to sit in the Oval Office, where he ought not..)
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To: freespirited

These people are totally nuts. If they do half the stuff they are suggesting the Senate and House in 2012 will 95% Republican.


57 posted on 10/24/2008 6:52:45 PM PDT by yazoo
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To: CMoran325
My house is more than 3K, but we have 9 people living in it. Why should we be punished if using less energy per person than a family of 4 living in a 1500 sg ft house?

That is an excellent question. Obviously if RATS thought through their dumb ideas, we wouldn't hear so many of them.

58 posted on 10/24/2008 7:00:43 PM PDT by freespirited ( We have met the enemy, and he is the MSM.)
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To: dan1123; ncfool

No, what I heard was a real estate agent mentioning that Congress might take action like that described in the article — the goal being to encourage people to choose smaller houses.

Remember a few months ago how Nancy Pelosi said she is “saving the planet”? This would be part of that scenario.


59 posted on 10/24/2008 7:04:11 PM PDT by freespirited ( We have met the enemy, and he is the MSM.)
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