<<My mortgage deduction is just as much welfare. There's no difference between it and the EITC. It's all just monkeying around with tax rates based on what is supposedly a benefit to society. Calling it welfare just means, "I don't happen to like this tax credit.">> The EITC is a welfare program administered by the IRS.The mortgage interest deduction is a subsidy for buying a house, which usually reduces taxes that would otherwise be owed.There's a big difference between paying out money to people and reducing the amount of taxes that people owe.Sorry if you can't appreciate the difference.There is a good argument for eliminating the mortgage interest deduction. Good luck on getting that through the Congress, though.Seattle Pioneer
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat