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cycrutchfield
on June 9, 2021
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ProPublica's tax story
Your mortgage is a low interest loan. Should we tax your mortgage as income?
lupire
on June 9, 2021
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next
[–]
Yes, but deduct the house that the loan buys as an expense.
imgabe
on June 9, 2021
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parent
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Then if you take a $500 million loan backed by your stock holdings to build a yacht, why not deduct the yacht as an expense?
triceratops
on June 9, 2021
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[–]
The house the mortgage paid for is taxed.
cycrutchfield
on June 9, 2021
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parent
[–]
I assume you're talking about property taxes, which is not really what we're talking about here.
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