Tag Archives: Mortgage Interest Deduction

51% of Americans Pay Zero Income Tax: Get Ready for DC to Target the Home Mortgage Deduction

Written by Candy Evans on July 13, 2011

Texas Senator John Cornyn is aflutter over this factoid: 52% of Americans pay zero income tax, he says?

Say what? That’s way higher than I would ever dream!

The Joint Committee on Taxation, which scores the cost of tax legislation for Congress, pointed this out in a recent report.

Posted in Economy, emerging real estate markets, national news stories affecting second homes | Tagged Committee On Taxation, Income Earners, income taxes, Joint Committee On Taxation, Mortgage Interest Deduction, Mortgage Tax Deduction, Refundable Credits | 4 Comments

Case-Shiller: U.S. Down, Dallas Treading

Written by Candy Evans on February 22, 2011

I’m just going to say it: is this administration trying to KILL OFF the U.S. housing market?

By now, if you are in the real estate business, you are thinking about serious drinking. Save the calories if you live in Dallas: we did OK. Not great, but OK. The S&P/Case-Shiller report says overall, the nation’s home prices spiraled downward at the end of 2010, even as the rest of the economy gained steam.

Posted in Second Shelters | Tagged Dallas real estate trends, Fannie Mae And Freddie Mac, Money Lending, Mortgage Interest Deduction, Mortgage Money, Robert Shiller, Serious Drinking | Leave a comment