Monday, December 05, 2005

Housing Tax Survey

On a recent survey, given a choice of simplifying the federal tax laws or retaining the current tax incentives, Americans resoundingly prefer the latter according to a ntionwide survey of adults.

Two out three survey participants (68%) favor retaining deductions for mortgage interest, state and local taxes over a plan to simplify the current tax code, according to the survey conducted by RT Strategies on November 7-20, 2005.

As a real estate broker I hope this is a wake up call for Capitol Hill and the President's Advisory Panel on Reform, which has indicated the repel of the popular tax incentive that has promoted homeowneship.


Blogger John said...

I'm all about fairness, and I don't see the fairness in homeowners being able to deduct interest.

I know, I'm anti-American.

You can make all the arguments you'd like, but I still don't think it should be allowed.

2:20 PM  

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