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Deficit Commission Weighs Dropping Mortgage Interest Deduction
Foxnews.com ^ | 10-25-2010 | MODELSHIPS

Posted on 10/25/2010 1:27:57 PM PDT by MODELSHIPS

If this doesn't tear it.... nuthin' will

(Excerpt) Read more at foxnews.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: democrats; economy; elections; fail; housing; liberalfascism; obama
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To: hflynn

Why should there be exceptions?

Are we all created equal?

Why should your income be taken to pay my rent?

If I came to your door and demanded your income to pay my electric bill you would have me arrested. Why then do you think the government should be able to do the same thing?


41 posted on 10/25/2010 2:29:28 PM PDT by jdietz ("There's small Revenge in Words, but Words may be greatly revenged" Ben Franklin)
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To: zek157

Further! You have a car commrade? That will just not do, we will confiscate to save the environment. You can walk, is better for you, no?

Gunner


42 posted on 10/25/2010 2:32:40 PM PDT by weps4ret (Where is John Galt?)
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To: buccaneer81

>>Wrong. It’s factored into the monthly rent.<<

A portion of it certainly is, but when you own a home the burden is much higher.


43 posted on 10/25/2010 2:34:01 PM PDT by servantboy777
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To: MODELSHIPS

All your money are belong to us!


44 posted on 10/25/2010 2:35:19 PM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: jdietz
Why should there be exceptions?

I don't know why there should be exceptions. Since you wrote Everyone should pay and there should be exceptions. I am waiting for you to tell me why there should be exceptions.

45 posted on 10/25/2010 2:35:35 PM PDT by hflynn (The One is really the Number Two)
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To: buccaneer81

So are interest deductions.


46 posted on 10/25/2010 2:36:48 PM PDT by Codeflier (Bush, Clinton, Bush, Obama - 4 democrat presidents in a row and counting...)
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To: jdietz

THE FAIR TAX!

Everybody, including illegals, pays!


47 posted on 10/25/2010 2:41:12 PM PDT by rhubarbk
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To: jdietz

My thoughts exactly, along with: everyone pays thier taxes in a lump sum at the end of the year. No employee withholding, no estimated quarterly payments. We would have the Alinsky strategy of overwhelming the system with delinquent tax payments, and then, very soon, none of the current politicians would be in office.


48 posted on 10/25/2010 2:42:04 PM PDT by suthener
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To: lesko

You are not Matt, John’s brother are you?


49 posted on 10/25/2010 2:44:18 PM PDT by Renegade
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To: OhhTee5

you forgot to post the sarcasm tag . . .


50 posted on 10/25/2010 2:44:31 PM PDT by rhubarbk
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To: weps4ret

Hello, our name is Equality 7-2521.


51 posted on 10/25/2010 2:47:56 PM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: don-o

hard to sit tight while this bunch trry to ruin America.
Sorry.


52 posted on 10/25/2010 2:47:59 PM PDT by Joe Boucher ((FUBO) Less gubmint is best gubmint.)
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To: Renegade

yeah


53 posted on 10/25/2010 2:49:03 PM PDT by lesko
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To: DrC

well, let’s see
My renter’s rent is subsidized by the fact I can take tax deductions and depreciation (which I am forced to take)- otherwise I’d be losing money every month - negative cash flow after I pay the mortgage, taxes (which are 50% higher than residences in this town for “non owner occupied” property) and all other expenses. His washer quits? I replace it. His refrigerator quits. I replace it. He trashes the place? I fix it.

I look forward to renters sharing the cost of reducing the federal deficit by paying higher rent, with those leases that allow rent increases in line with owner cost increases. My lease doesn’t allow that but it will from now on.

And may the rent increases be as swift and as steep as the cost of owning property will be if mortage deductions are eliminated on people who made their purchase decisions and budgets based on long time (decades old) tax codes.


54 posted on 10/25/2010 2:49:21 PM PDT by silverleaf ("This is not an election on November 2 . This is a restraining order" P.J. O'Rourke)
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To: Joe Boucher

No sweat Joe. My goal is just to remind us to make this site a total contrast to the leftoid sewage sites as far as our language. Thanks.


55 posted on 10/25/2010 2:52:19 PM PDT by don-o ("At this point, Islam is just surging into a vacuum" - Mrs Don-o)
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To: zek157
Substidies reward unproductive behavior and remove capital from productive endeavors

I am such a fogie, I can remember when owning a home and putting down roots in a community was considered productive behavior. And capital invested in real estate was considered a community job creator, individual wealth builder, and thus, a productive endeavor. Those were the days. Who knew I should have been buying gold or pork bellies or saving my money in a bank at .5% interest to build a better future.
56 posted on 10/25/2010 2:56:43 PM PDT by silverleaf ("This is not an election on November 2 . This is a restraining order" P.J. O'Rourke)
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To: CSM

Indeed it is, and she had it so right. I am reading the most recent biography of her, and her book of editorials.

She should be required reading.

Gunner


57 posted on 10/25/2010 2:59:52 PM PDT by weps4ret (Where is John Galt?)
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To: silverleaf

AMEN!

Eyes


58 posted on 10/25/2010 3:03:22 PM PDT by AlligatorEyes (Iactura paucourm serva multos)
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To: hflynn

Egg on my face!!

Look of extreme embaressment!

I meant NO EXCEPTIONS>

HUH! I need to proof read more.


59 posted on 10/25/2010 3:10:36 PM PDT by jdietz ("There's small Revenge in Words, but Words may be greatly revenged" Ben Franklin)
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To: MODELSHIPS

This should really stimulate the housing market.


60 posted on 10/25/2010 3:18:12 PM PDT by stevem
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