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Political Discussion
Reply to "Romney Paid 13.9% Tax Rate on $21.6 Million in Income."
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[quote=Anonymous][quote=Anonymous]Most people around here probably have a mortgage interest deduction that equals half that family's take home pay. Can anyone explain to me why that tax break exists?[/quote] I honestly think it was created to get more lower middle income people to invest in housing. It is also a boost to the housing and construction industry. Before the housing bubble of 2006 or 7, buying a housing was considered most family's largest asset. The potential for risk in losing that asset was low. [/quote]
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