06-20-2015, 01:33 PM
(06-20-2015, 01:15 PM)fredtoast Wrote: The mortgage deduction is a much bigger benefit to people who have bigger mortgages. It helps the wealthy much more than lower income classes. The standard deduction is so high now that you have to have a pretty large mortgage to come out ahead itemizing.No you don't. My mortgage is $150,000. Since you itemize that you itemize all your other taxes, and you come out ahead. You will cost middle class home owners money.
A private jet deduction would work the same way. Just because it helps all private jet owners does not mean it does not favor the wealthy over the middle and lower classes.
“History teaches that grave threats to liberty often come in times of urgency, when constitutional rights seem too extravagant to endure.”-Thurgood Marshall
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)
