Should mortgage interest deduction and charitable donations be allowed?

anonymous

Former Staff
Jun 2008
10,578
2,873
Passing Through
bullshit - how are you going to run the country and keep a strong defence department ? You want to do it salaes taxes ? sure so goods and services would go up by 30 -p40 %
Good, not only would people see how cheap products,as in quality, from China really are and how expensive they are compared to American goods. As for inflation, prices are going to go up anyway, that's how they keep this fucked up economic system going.
 

Babba

Former Staff
Jul 2007
78,427
70,573
So. Md.
Interest deductions should return for car loans, credit cards, etc. Mortgage loan deductions should only apply to the primary residence.
 
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Aug 2012
13,691
3,858
Greenridge Free State
ok so you like the graduated or stepped approach to taxation ! That sound workable as long as you get rid of all excemptions. loop holes, pit holes, shit holes, and other assorted crap.
basically agree with you on the tax plan. I am not on the same wavelenght with you on "class jealousy and envy". Maybe I do not see it where I roam.

Yet such a plan would be "drastic " for most people and some tax ranges would pay more in the short run. What I do not see is hardly any politicians either Republican or of the Grand Old Democratic party having the balls to ever do such a thing.


That is so damned funny I almost spit coffee out my nose. You don't see class envy in teeny tiny Conn., where the median income is probably three time the national average.

That's rich!
 
Aug 2012
13,691
3,858
Greenridge Free State
Interest deductions should return for car loans, credit cards, etc. Mortgage loan deductions should only apply to the primary residence.
Why should your fellow Americans subsidize your use of credit?

So typical, I want mine, so take something away from them to give it to me.

Amazing.
 
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Dec 2010
36,825
28,616
Virginia
(socialism? what...?)
Simply put, the cost of the mortgage interest deduction is borne by those who benefit from it, and those who do not. Since those who do not benefit are also subsidizing the cost it is redistribution of wealth, q.e.d. socialism as defined by republican talking heads.
 
Dec 2010
27,601
4,839
Southington Connecticut
Interest deductions should return for car loans, credit cards, etc. Mortgage loan deductions should only apply to the primary residence.
I agree that mortgage ingterest deductions should only be on ones primary residence. Interest deduction on car loans I might considered approving but
on credit cards. Home mortage and car loan interest deduction are forms of stimulus. Credit card interest deduction bothers me becasue since so many
goods are imported from Red China the stimUlus would be for China not us.
 
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Aug 2012
13,691
3,858
Greenridge Free State
I agree that mortgage ingterest deductions should onlyh be on ones primary residence. Interest deduction on car loans I might considered approving but not on credit cards.
home mortage and car loan interest deduction are forms of stimulus. Credit card interest deduction bothers me becasue since so many goods are imported from Red China the stimilus would be or China not us.


Any and all interest deductions just further complicate the problem.

Get rid of them.

Period.