The mortgage interest tax deduction is bad for America »

Posted By wbuffettjr 1 year, 3 months ago in Business & Finance

Prop it 2 Drop it

At first blush, the mortgage interest income tax deduction seems like a great thing. You get to deduct your mortgage interest from your income. This saves you money and encourages homeownership nationwide (believed to produce positive externalities such as crime reduction, community, etc.).