tax benefits: Tax Benefits of Owning a home! - 01/18/11 01:27 PM
January 2, 2011
It’s a common misperception that the mortgage interest deduction benefits primarily the wealthy, as argued in the Washington Post’s January 1 editorial, “Trim the Excessive Tax Subsidy for Real Estate.”
In fact, the MID actually benefits primarily middle- and lower income families. Sixty five percent of families who claim the MID earn less than $100,000 per year, and 91 percent who claim the benefit earn less than $200,000 per year. As a percentage of income, the biggest MID beneficiaries are younger middle-class families.
The MID helps many families become home owners by reducing the carrying costs of owning … (0 comments)

 
Brent McCarthy (Coldwell Banker Dufour Realty)

Brent McCarthy

Chico, CA

More about me…

Coldwell Banker Dufour Realty

Address: 1350 E. Lassen Ave, Chico, Ca, 95973

Office: (530) 896-3174

Mobile: (530) 228-1232

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find CA real estate agents and Chico real estate on ActiveRain.