Comments on: Should we pay for the mistakes of others? http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/ Paying taxes is painful... but reading about them shouldn't be. Sat, 21 Nov 2009 20:16:58 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Fix The Tax Code Friday: Property Tax http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/comment-page-1/#comment-3137 Fix The Tax Code Friday: Property Tax Fri, 21 Sep 2007 11:13:18 +0000 http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/#comment-3137 [...] not just the sub-prime fiasco that has some buyers running scared. In some places, like Philadelphia, many taxpayers are [...] [...] not just the sub-prime fiasco that has some buyers running scared. In some places, like Philadelphia, many taxpayers are [...]

]]> By: 7 Ways to Save On Your Taxes Now. http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/comment-page-1/#comment-3134 7 Ways to Save On Your Taxes Now. Wed, 22 Aug 2007 15:40:47 +0000 http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/#comment-3134 [...] Refinance. Yes, the market is a mess right now. But there are still lenders willing to offer credit to homeowners so long as you [...] [...] Refinance. Yes, the market is a mess right now. But there are still lenders willing to offer credit to homeowners so long as you [...]

]]> By: Vic Bottomly http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/comment-page-1/#comment-3135 Vic Bottomly Tue, 07 Aug 2007 16:29:22 +0000 http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/#comment-3135 I actually think the mortgage interest deduction is bad policy. (Maybe because I don't have a mortgage). If the idea is to encourage home buying, why not go for the gusto: a home purchase deduction but not an interest deduction. I'd even trade that for the capital gains break we have now. That would encourage thrift and savings and discourage debt and using the home as an ATM. Thrift used to be considered a good thing. Except it would cause problems for the consumer-based economy lead to a liquidity crisis, I guess. Not like what we have today. I actually think the mortgage interest deduction is bad policy. (Maybe because I don’t have a mortgage).

If the idea is to encourage home buying, why not go for the gusto: a home purchase deduction but not an interest deduction. I’d even trade that for the capital gains break we have now. That would encourage thrift and savings and discourage debt and using the home as an ATM. Thrift used to be considered a good thing.

Except it would cause problems for the consumer-based economy lead to a liquidity crisis, I guess. Not like what we have today.

]]> By: Your fair share? http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/comment-page-1/#comment-3136 Your fair share? Tue, 07 Aug 2007 12:17:59 +0000 http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/#comment-3136 [...] asked this question in a slightly different context before - with respect to bailing out lenders of subprime mortgages - but the policy piece is very similar. Our tax system has, over time, become the conduit for [...] [...] asked this question in a slightly different context before – with respect to bailing out lenders of subprime mortgages – but the policy piece is very similar. Our tax system has, over time, become the conduit for [...]

]]> By: Robert D Flach http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/comment-page-1/#comment-3133 Robert D Flach Mon, 06 Aug 2007 12:08:48 +0000 http://www.taxgirl.com/should-we-pay-for-the-mistakes-of-others/#comment-3133 I posted a belated response to your question on my blog at http://wanderingtaxpro.blogspot.com/2007/08/so-what-do-i-think.html. TWTP I posted a belated response to your question on my blog at http://wanderingtaxpro.blogspot.com/2007/08/so-what-do-i-think.html.

TWTP

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