Nov

Get the Housing Industry Out of the U.S. Tax Code

We have unintentionally designed a system that drives people into debt to buy houses, making the economy more fragile.

Like a lot of people, I have a mortgage. Unlike a lot of people, I am in a big hurry to pay it off. Most people want to pay interest to the bank, which they can then deduct from their income for tax purposes. I have never understood why you would want to pay money to someone so you can get some of it back…

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Get the Housing Industry Out of the U.S. Tax Code

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