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Reply to "We're doing a mortgage refi at 3.75% -- someone tell me why that interest should be deductible?"
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[quote=Anonymous]Why are you just picking on the mortgage interest deduction? I pay an effective tax rate of 23% on my income of somewhere between 200K and 300K. I would probably pay more except for the mortgage interest deduction. Mitt Romney pays 13% on a far larger income. Why not treat all income equally, so he can pay the same share I do. Hedge Fund managers also have some sweet deal where they call their income capital gains and they get to use the lower rate. It's nuts. [/quote]
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