I agree with you that in the long run the mortgage deduction should be eliminated, but right now, in such a weak housing market, killing the deduction would cause another plummet in house prices and the market in general.
Why Joel is CRAZY - Nearly Half of All Americans Don't Pay Federal Income Taxes
- 23/02/2012 04:43:15 AM
1486 Views
Income taxes are not the only kind of taxes. 86% of Americans pay payroll or income tax.
- 23/02/2012 09:51:50 PM
1050 Views
A not so hypothetical situation...
- 23/02/2012 05:46:44 AM
903 Views
Your paying more money now than then. Lower rate but more money *NM*
- 23/02/2012 07:52:51 AM
535 Views
Why the heck do you think the current tax system is skewed to the rich?
- 23/02/2012 03:18:43 PM
1042 Views
Once again, poor people have no money with which to pay taxes.
- 23/02/2012 06:23:07 AM
1060 Views
50% of America is not "poor" or too poor to pay federal income taxes.....
- 23/02/2012 01:01:24 PM
957 Views
It clearly is, if they're not paying taxes.
- 23/02/2012 02:32:54 PM
913 Views
Regarding the mortgage deduction.....
- 23/02/2012 03:20:37 PM
1034 Views
You base that statement on what, exactly? Fervent desire that it be true?
- 25/02/2012 12:43:30 AM
1438 Views
2009 (the year cited for this claim) was an outlier because of temporary tax cuts and the economy.
- 25/02/2012 01:14:01 AM
1211 Views
Interesting, but lacking the data I consider critical; FICA etc. should not be counted, IMHO.
- 25/02/2012 02:10:45 AM
1061 Views
It's a phrasing thing, permits more bullshit
- 25/02/2012 04:41:06 AM
1030 Views
Maybe I am just playing the same game,but I find stats from "the other side" compelling in some ways
- 25/02/2012 10:36:40 AM
1481 Views
You're operating under the same fallacy he does - that people should pay income taxes.
- 23/02/2012 12:05:52 PM
1097 Views
In much the same way
- 23/02/2012 01:40:58 PM
1057 Views
Joel is crazy, but I highly doubt that this is "why"
- 23/02/2012 01:36:37 PM
1086 Views
I see your point, but not how it changes much in the conversation where we discussed that
- 25/02/2012 01:49:29 AM
869 Views
You mention this statistic all the time.
- 23/02/2012 02:16:47 PM
769 Views
Obviously, we are talking about the bottom 50%.....
- 23/02/2012 03:22:43 PM
814 Views
I wonder how much of that statistic is students
- 23/02/2012 02:22:58 PM
1031 Views
The number "paying taxes" should include dependents of those paying
- 23/02/2012 02:39:21 PM
1005 Views
yah I read the link, but apparently I just didn't understand their explanation.
- 23/02/2012 05:40:54 PM
809 Views
Federal taxes
- 23/02/2012 04:18:22 PM
904 Views
Your figures are fairly unrealistic
- 23/02/2012 04:54:44 PM
1096 Views
Not entirely.
- 23/02/2012 06:30:18 PM
846 Views
Yeah I don't normally assume NY as a baseline 
- 23/02/2012 06:41:37 PM
939 Views
- 23/02/2012 06:41:37 PM
939 Views
It probably isn't. We even tax delivery fees, gardening services and other things with sales tax.
- 25/02/2012 07:03:46 PM
897 Views
We don't tax transport of property either 
- 25/02/2012 08:16:53 PM
946 Views
- 25/02/2012 08:16:53 PM
946 Views
Places usually get around it with free delivery. A tax on a $0 item is still $0. *NM*
- 25/02/2012 09:12:22 PM
407 Views
Income taxes are not the only kind of taxes. 86% of Americans pay payroll or income tax.
- 23/02/2012 09:51:50 PM
1050 Views
And give the riff raff a reason to become involved in politics? Are you daft? *NM*
- 24/02/2012 05:04:51 AM
557 Views
25% of america is under 18, that means ~25% of the rest are not working or paid very little
- 25/02/2012 08:17:52 PM
1046 Views