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Again junior - would a couple that paid $20k in mortgage

Posted on: November 30, 2017 at 14:21:13 CT
tigerdb MU
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interest, itemize deductions? They'd have to give $4,001 in contributions in order to itemize.

It's not "my" 30%: https://taxfoundation.org/who-itemizes-deductions/

and it doesn't mean that 30% of filers claim the mortgage interest deduction. The point is that by increasing the standard deduction, the pubs have effectively eliminated the mortgage interest deduction for most who claimed it.

For Americans that didn't itemize (claim the mortgage interest deduction), it's a win; for those that did deduct mortgage interest, the plan is a loss - because the GOP eliminated exemptions.
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Can someone - scan MU - 11/30 12:56:47
     No(nm) - MUGuy2004 STL - 11/30 13:22:29
     Because the mortgage/real estate community has as - tigerdb MU - 11/30 13:18:39
          note - 90Tiger MU - 11/30 13:26:10
               50% of that value for the client cost only is deductible if - Spanky KU - 11/30 13:35:21
                    i don't care (nm) - 90Tiger MU - 11/30 13:43:38
               believe me - I know the rules - tigerdb MU - 11/30 13:31:30
                    i wasn't discussing "the rules". the post asked why - 90Tiger MU - 11/30 13:36:44
                         sometimes it is - sometimes it isn't(nm) - tigerdb MU - 11/30 13:40:08
                              no, it's always a business expense. you're stating - 90Tiger MU - 11/30 13:52:15
                                   You're pretty freaking naive(nm) - tigerdb MU - 11/30 13:55:49
                                        yeah, go with that (nm) - 90Tiger MU - 11/30 14:09:15
                                        actually, you are demonstrating that here - FootballRefugee MU - 11/30 13:59:57
                         exactly - FootballRefugee MU - 11/30 13:39:03
          also incorrect - FootballRefugee MU - 11/30 13:24:10
               "write off the cost of doing business" - tigerdb MU - 11/30 13:28:20
                    because it's a negotiating ploy - FootballRefugee MU - 11/30 13:32:11
                         haha - from the author of this rubbish - tigerdb MU - 11/30 13:39:20
                              lol wrong - FootballRefugee MU - 11/30 13:40:35
          RE: Because the mortgage/real estate community has as - scan MU - 11/30 13:22:10
     very simple - FootballRefugee MU - 11/30 13:10:04
          I'd say this answer makes the most sense - Ragnar Danneskjold MU - 11/30 13:26:33
               it certainly does go beyond policy - FootballRefugee MU - 11/30 13:30:27
                    RE: it certainly does go beyond policy - scan MU - 11/30 13:35:09
                         because interest is an expense - FootballRefugee MU - 11/30 13:39:48
                              RE: because interest is an expense - scan MU - 11/30 13:42:44
                                   lol no - FootballRefugee MU - 11/30 13:46:41
                                        mortgage interest is not even that big of a cost - meatiger MU - 11/30 14:03:25
                                             perhaps not to you - FootballRefugee MU - 11/30 14:04:30
                                                  Like I said below - meatiger MU - 11/30 14:06:21
                                                       no, it wouldn't - FootballRefugee MU - 11/30 14:07:13
                                                            Why would it not? - meatiger MU - 11/30 14:12:25
                                                                 investor buyers would have an advantage - FootballRefugee MU - 11/30 14:15:58
                                                                      Why should government - meatiger MU - 11/30 14:36:26
                                                                           why should it make a more level playing field? - FootballRefugee MU - 11/30 14:52:49
                              A very simple answer... - tigerdb MU - 11/30 13:42:03
                                   because it isn't a cost of doing business - FootballRefugee MU - 11/30 13:43:33
          RE: very simple - scan MU - 11/30 13:17:06
               even more daft - FootballRefugee MU - 11/30 13:21:24
                    RE: even more daft - scan MU - 11/30 13:32:06
                         I've explained it to you clearly here - FootballRefugee MU - 11/30 13:33:06
                              Nobody is being squeezed out of the residential housing - tigerdb MU - 11/30 13:43:54
                                   because interest is tax deductible - FootballRefugee MU - 11/30 13:47:52
                                        That has no bearing on it - REITS/ or real estate holding - tigerdb MU - 11/30 13:53:37
                                             that's incorrect, they are already there - FootballRefugee MU - 11/30 13:59:17
                                                  There's a difference between individual investors - tigerdb MU - 11/30 14:04:30
                                                       you really are daft here, son - FootballRefugee MU - 11/30 14:06:38
                                                            Junior, you're completely out of your element. - tigerdb MU - 11/30 14:10:28
                                                                 no, you are - FootballRefugee MU - 11/30 14:14:14
                                                                      Again junior - would a couple that paid $20k in mortgage - tigerdb MU - 11/30 14:21:13
                                                                           again - FootballRefugee MU - 11/30 14:24:39
                                                                                Thanks Junior - it would have been much simpler if you had - tigerdb MU - 11/30 14:36:02
                                                                                     no, you're just admitting you don't understand - FootballRefugee MU - 11/30 14:52:10
                                                                                          Are you really this obtuse? - tigerdb MU - 11/30 17:24:34
     Question is phrased incorrectly - raskolnikov MU - 11/30 13:08:54
          Don't supplant your vision for the individual goals of - ummmm MU - 11/30 13:16:43
     The policy behind it is to encourages home ownership - Ragnar Danneskjold MU - 11/30 13:03:50
          it most certainly has to - FootballRefugee MU - 11/30 13:12:03
               RE: it most certainly has to - scan MU - 11/30 13:12:48
                    well, then you really fail here - FootballRefugee MU - 11/30 13:21:40
     Because for years, we have used taxation - meatiger MU - 11/30 13:02:22
          We? (nm) - pickle MU - 11/30 13:04:38
               You don't vote so you are complicit(nm) - MUGuy2004 STL - 11/30 13:23:23
               yes(nm) - meatiger MU - 11/30 13:06:14
                    Speak for yourself and leave me out of it - pickle MU - 11/30 13:26:06
     Can you explain the purpose of taxation? (nm) - pickle MU - 11/30 13:01:59
          Not other than it p*sses you off* - MUGuy2004 STL - 11/30 13:23:53
          To extract purchasing power of the finite available goods - ummmm MU - 11/30 13:03:38
     It shouldn't be - Spanky KU - 11/30 12:59:54
          incorrect - FootballRefugee MU - 11/30 13:12:22
               NO.. I am correct - Spanky KU - 11/30 14:12:01
                    mortgage interest doesn't pick winners or losers - FootballRefugee MU - 11/30 14:16:49
                         it does - Spanky KU - 11/30 14:35:55
     it's now a lever gubmit can use. there is no rational - 90Tiger MU - 11/30 12:59:00
     I think, because we want to promote home ownership - MrBlueSky MU - 11/30 12:57:59
          so homeowners get tax breaks ON THE BACKS of the millions - 90Tiger MU - 11/30 13:00:42
          RE: I think, because we want to promote home ownership - scan MU - 11/30 12:59:31
               or pay them to abort them? (nm) - 90Tiger MU - 11/30 13:28:24
               not remotely similar - FootballRefugee MU - 11/30 13:26:53
               ding ding ding(nm) - tigerNkc MU - 11/30 13:20:36
          we? (nm) - 90Tiger MU - 11/30 12:59:13
          Then buy a home you can afford (nm) - Sal KC - 11/30 12:58:37
               No disagreement here - MrBlueSky MU - 11/30 12:59:34
                    It sounds like a perverse motivation for people to borrow - ummmm MU - 11/30 13:01:31
                         I don't agree with that - meatiger MU - 11/30 13:07:56
                              This deduction is exclusive to borrowers, not - ummmm MU - 11/30 13:11:09
                                   there are also - meatiger MU - 11/30 14:00:36
                                        RE: there are also - 90Tiger MU - 11/30 14:10:40
     I cannot explain why that should matter at all. (nm) - ummmm MU - 11/30 12:57:19




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