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"A fairer current system would be to stop paying welfare to all the home-owners. Why the hell should the Federal and state governments subsidize the housing units of every person who pays interest above the standard deduction level? Yes. It's welfare!"
With the "Fair Tax" there would be no deductions for mortgage interest because the deductions come off your income tax. No income tax = no deductions. You would pay the tax up-front when you bought the house, one time, over and done with.
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"Get your facts first, and then you can distort them as much as you please." (Mark Twain)
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