Mortgage interest deduction
Read the article and write a paper
The article by Desmond can be found here: https://www.nytimes.com/2017/05/09/magazine/how-ho…
What is the Mortgage Interest Deduction (MID)? How has it benefited some but not all Americans? What role does it play in Americans’ attitudes about government entitlement programs? How does it, and the larger issues surrounding homeownership, influence economic inequalities in the US?
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The mortgage interest deduction is a government scheme that allows taxpayers to be homeowners through reduction of tax income paid on loans to own a home. The mortgage interest deduction is funded by the persons residing in the principal residence who in most cases take credit to finance their deposit. The mortgage is paid on interest and sometimes on reducing balance depending on the agreements between the homeowner and the leasing company. In the United States of America…………………
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