#1 The tax system is used for political/social purposes (e.g. home mortgage tax deduction to stimulate home ownership)I do not think that is what it is for. I think it is a subsidy for the banks (as if they needed it). Because as much as you save by getting a tax deduction, by as much do you find the price of the house has increased. The only benefit is to the banks that get interest on that amount for the life of the mortgage.Follow the money.
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