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Reply to "Wish Martha moderated the presidential debate! "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Last night Ryan said that the mortgage deduction would be eliminated for the highest income earners. What is considered highest income level to Romney/Ryan. And, is there any consideration to area's cost of living?[/quote] Don't worry about it. The amount you can deduct is less than the 20% cut they propose. I would rather have a lower tax rate without having to itemize all my deductions.[/quote] Either way, it will cause property values to further depreciate. Many people purchase homes for the tax advantages. If there is not advantage, you have less buyers. As many people found out in the last couple of years, houses are not an investment. [/quote]
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