Wow, why didn't I think of that?!?!?! And every young couple that gets out of college and wants "the American Dream" should be advised to PAY CASH! They'll save so much money at the front end!! Dang! There's a solution for the whole 300 million US citizens that was right under their noses!
Happy Festivus to LJ and TM, thanks so much for adding to the discussion. Actually, this topic was intended to be about less deductions AND lower tax rates, not about paying off mortgages. BTW this tax reform idea is not mine, its well documented in many articles from economists and tax reformers.
Don't worry though, your tax deductions are safe and will likely not change. What will change depends on how fast our nation's fiscal disaster happens. Staying the present course is not an option.
Merry Christmas!
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
