Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
August Herman Niemeyer's Page
Profile Information
- Name or Internet Handle
- Herman
- City, Town or County
- Coatesville
- State / U.S. Territory
- PA
- Zip Code
- 19320
August Herman Niemeyer's Blog
Mortgage Payments
Posted on April 20, 2009 at 11:18pm 1 Comment 0 Likes
Can anyone provide information or thoughts about the proposed tax treatment of a mortgage payment on a new house? Would be entire contribution to principal be taxable? Or would there be a formula dividing that into consumption and saving? Would the interest be considered a service and thereby taxable? Does H 25 cover the details on this subject?
© 2024 Created by Marilyn Rickert.
Powered by
Comment Wall (1 comment)
You need to be a member of Fair Tax Nation to add comments!
Join Fair Tax Nation
Welcome to FairTax Nation!
FairTax Nation a site designed and managed by FairTax volunteers to serve the needs of FairTax advocates by providing a place to share ideas, find resources and create new opportunities with the goal of passing the FairTax HR 25.
On Nation we are working on many projects. One is our 50 State Campaign. We want to link at least 1,000 active volunteers in each state to work together in a national effort to pass the FairTax. That would give us at least 50,000 active volunteers able to communicate, plan events, etc. I know some people want a FairTax rally in Washington D.C. This is how we build the organization to make this event and many others possible.
Please feel free to invite your FairTax friends to join us.
Thank you!
Marilyn Rickert