Blog :: 09-2011
Theres no question were dealing with difficult issues when it comes to the future of our nations economy, but in the process, we must not lose sight of the values that helped make our country strong in the first place. Major changes to home ownership tax benefits like the mortgage interest deduction could adversely affect the wealth of middle-and lower income families and make it harder for them to achieve their dreams of homeownership. Two-thirds of all families who take the MID earn less than $100,000. Reducing or eliminating this crucial benefit would mean a tax increase for American home owners, who already pay 80 to 90 percent of U.S. federal income tax.
The Importance of MID.
Taxing Issues.Ask home owners in your community if they have ever taken the mortgage interest tax deduction, and what difference it made for them, if any, at tax time. For more information, fact and myths about the mortgage interest deduction visit http://economistsoutlook.blogs.realtor.org/category/mortgage-interest-deduction/. We welcome you to share your concerns with us on this topic at email@example.com.
CENTURY 21 Advantage recognizes Brian French, Lori DykemaandShawn Kelley as the Top Sales Agents for the month of August.Whether selling, buying or relocating to the Greater Burlington community, they have the experience and technology that is second to none.