Quote:
Originally Posted by Sydney's Mom
If they eliminated the tax breaks for home ownership, the housing market would collapse. Same with certain investment structures. You can argue they never should have arisen in the first place, but since they are here, it isn't as easy as just flicking a switch to a flat tax.
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Interesting... have you read the fairtax web site. there is a while section on how it stimulates home ownership... because under the fair tax all loan payments would be make tax free... not just be a deductible expense.
BOb