Replace All Federal Taxes on Income with the Fair Tax Act , HR 25

All Blog Posts Tagged 'mortgage' (2)

Not Just Interest, but the Principal Too!

One of the linchpins of the arguments against the FairTax is the supposed loss of the mortgage interest deduction for middle-income homeowners. The answer should look like this:

Not only are the benefits of the mortgage interest deduction (MID) still in place, the FairTax adds a mortgage principle deduction as well. That's something that the current system just doesn't offer. Let's take a look...

Under the current system, a taxpayer deducts personal exemptions for him/herself…

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Added by Nathanniel Martin on August 7, 2013 at 12:30pm — 3 Comments

The Mortgage Merry Go Round!

Wow, I have to tell you, this is really quite a brilliant plan that Obama has!

So, first the government forces Fannie and Freddie to lend money to people who couldn't afford it.

Then, they virtually go bankrupt because well, the people couldn't afford to pay their loans. Imagine that? Whodathunkit?

So We bail out Fannie and Freddie.

Then... gosh, we get all these foreclosures and the housing market gets whacked.

So whats the plan? Obama makes… Continue

Added by Jane Haas on February 20, 2009 at 10:00pm — 1 Comment