November 3, 2005

bad news for home owners?

This is stupid. The Government is now toying with the idea of changing the deduction of Mortgage interest on income taxes. That could be a huge blow to a lot of people who expect those returns...

...the panel, which released its final report on Tuesday, concluded that it had no choice but to significantly trim the home mortgage deduction and eliminate state and local tax deductions if it wanted to find a way to simplify the income tax.

Check out the article here.

Posted by adyer at 6:42 AM

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