I find it very difficult to believe that a person spending as much as President Obama wants to propose such a measure now.
I was once told to not judge a man by his words but by his deeds.
1. bail out banks instead of homeowners
2. Drive the federal deficit higher
3. Give trillions to zombie banks (while destroying their assets)
4. Further crater the value of real estate by making it less tax deductible.
Obama seems to be on a mission to restrucuture America.
Look out Rancho Sante Fe, Del Mar and LaJolla. Obama is coming for your money even if it means he has to collapse the price of Real Estate further.
The Associated Press: Under Obama plan, tax burden shifts to the wealthy
I was once told to not judge a man by his words but by his deeds.
1. bail out banks instead of homeowners
2. Drive the federal deficit higher
3. Give trillions to zombie banks (while destroying their assets)
4. Further crater the value of real estate by making it less tax deductible.
Obama seems to be on a mission to restrucuture America.
Look out Rancho Sante Fe, Del Mar and LaJolla. Obama is coming for your money even if it means he has to collapse the price of Real Estate further.
The Associated Press: Under Obama plan, tax burden shifts to the wealthy
Couples making more than $250,000 would face new limits on the amount of deductions they could take on their taxable income, including deductions for mortgage interest, charitable donations and state and local taxes. The change would raise about $180 billion over 10 years.
