Quote:
Originally Posted by F32Fleet
Quote:
Originally Posted by bimmer456
Be prepared to pay more tax with fewer deductions. If your mortgage is more than $500K you get no interest tax deduction beyond $500K. No property tax deduction beyond $10K. No tax deduction for HELOC interest. No tax deduction for second homes, investment properties, which can make or break whether you make any money. Tax breaks for the wealthy and corporations. Tax cuts for corporations are paid for by tax increases on the middle class.
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WTF.. when did $500k mortgage qualify someone as middle class? |
This was discussed on page 3.