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December 13, 2012
Title: Close The Loophole for the Rich!
Topic: Home Mortgage Rates
Discussed by Craig R Smith
with Craig Smith (www.CraigRSmith.com)
Part 1 of 2
Many homeowners look forward to April 15th because they know that they will receive a “homeowner mortgage interest deduction” on their taxes. But that might not be happening anymore. The government wants it!
Craig Smith explains how the mortgage interest deduction began in the first place. And just what ever happened to credit card interest deductions anyway?
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Title: Part 2 of 2
Topic: Home Mortgage Rates
Discussed by Craig R Smith
with Craig Smith (www.CraigRSmith.com)
If home owners are no longer allowed a deduction on their taxes, many people will choose to simply rent. How will this impact the economy?
Craig Smith continues the discussion on removing the homeowner deduction from taxes. Will it be eliminated immediately? Or will it be reduced gradually? Will it only apply to people with certain incomes? These are all questions homeowners should be asking their elected officials….
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