The mortgage deduction has been sacrosanct ever since the income tax was created almost a century ago.
They buy bigger homes, so they get a larger mortgage deduction.
The mortgage deduction is weighted to much to the well-off and should be cut back.
Charitable giving, of course, and mortgage deductions are very important.
They took a mortgage deduction of $10,000 on another Manhattan apartment they own, where the mayor's mother lives.
The principles of tax withholding, mortgage deductions and the rich paying at a higher rate than the poor were more or less established then.
The plan by the presidential panel would reduce the mortgage deduction on homes in two ways.
Fine and well, but was an elected official really going to risk fooling with the mortgage deduction?
And that is what the mortgage deduction is all about.
Interest paid by homeowners has not been indexed, effectively doubling the tax break on the average mortgage deduction.