Tag Archives: personal income tax

The Mortgage Interest Deduction

The interest I pay on my credit cards is not tax deductible. I don’t understand why interest on mortgages is tax deductible. What makes that economic activity so special? Economist Casey B. Mulligan writes for the New York Times: The … Continue reading

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Have We Hit Bottom?

From the New York Times: No one actually knows when and where the housing market will bottom. In Ocean City, N.J., for example, inflation-adjusted house prices rose about 1.6 percent a year from 1988 through 2002. Compared with what this … Continue reading

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States Struggle With Downturn In Economy

From the New York Times: Squeezed by high inflation, dwindling tax revenues and a national economic downturn, states from coast to coast have struggled to close yawning budget gaps while bracing for another difficult fiscal year, which in most states … Continue reading

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