DrDoomNGloom
Gold Member
People collecting welfare should not be allowed to vote
Does that include the mortgage interest deduction?
Apparently, you don't understand the definition of welfare. You might to look it up.
It's all money. The mortgage deduction is someone's free money at someone else's expense.
No mortgage deductions are relief from federal taxes in the same amount of interest paid.
[Snip]
A home mortgage interest deduction allows taxpayers who own their homes to reduce their taxable income by the amount of interest paid on the loan which is secured by their principal residence (or, sometimes, a second home).
Home mortgage interest deduction - Wikipedia the free encyclopedia