Nathanniel Martin's Blog – August 2013 Archive (1)

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…