Quote Originally Posted by nain rouge View Post
Ok, sure, it benefits rich people everywhere. But obviously, we know where most rich people live and build new dwellings, and it ain't Detroit.
Obviously, if you are in the 25% tax bracket, the gummint is "paying" 25% of your mortgage interest. If you are in a40% bracket, they are "paying" 40% of your mortgage interest

Back in the 50s when the lowest rate was 20% and the highest was 91%, the gummint "paid" 20% of what a poor man dropped into the collection plate and 91% of what a rich man dropped into the collection plate.