March 16, 2009
Washington Times Editorial Board Cites Tax Foundation Data in Column on Mortgage Interest Deduction
"Destroying Housing Market: More Taxes, Fewer Deductions Are Twin Killers"
By Washington Times Editorial Board
The Tax Foundation estimates that the average taxpayer making over $200,000 had a mortgage interest deduction in 2003 of $14,374. Wouldn't your willingness to buy a home be affected if you lost a yearly tax deduction worth thousands of dollars? Is there anyone out there who doesn't believe that these changes will lower house prices?
