HOME MORTGAGE INTEREST DEDUCTION
October 25th, 2008 by admin
WILL THE HOME MORTGAGE INTEREST DEDUCTION SURVIVE THE GOVERNMENT’S NEED FOR $$$$$$$$?
* * * * HARD CORE REAL ESTATE TALK * * **
“powerful House Democrats are looking at eliminating most of the $80 billion in annual tax breaks for 401(k) investors. ”
The Wall Street Journal notes that “the prospect of these tax increases is now hanging over the economy like a pall, as investors and businesses wonder where and how heavily an Obama Administration and Congress would strike.”
U.S. News & World Reports details plans to eliminate retirement plans as we know them.
CAN THE HOME MORTGAGE INTEREST BE FAR BEHIND??
If Americans lose the benefits of their private and employer retirement funds to fuel the government’s ever increasing need for tax dollars, will this be THE LAST HOPE FOR WEALTH BUILDING OF THE AVERAGE AMERICAN?
If the government changes the retirement benefits of the American citizens to raise Billions in tax money, how long will it be before they target the home mortgage interest deduction???
RETIREMENT ON OUR PAID OFF MORTGAGE AND 401(k) RETIREMENT BENEFITS, A THING OF THE PAST?
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