You commit to buying hella expensive (houses) & expect to be subsidized. Seems fair not to be able to deduct at a certain point.
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It's not the taxes that are a problem, it's the unrestrained borrowing & spending that causes ever more tax that is the true scourge. Never Re-Elect Anyone, Ever
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So the interest deduction stops at 1mil Very suprised left would be against Why should taxpayer subsidise someone who can afford 20mil dollar house 1mil more than fair
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Florida is going to be underwater. Not the best place to store $22 million.
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We're worried also here in Los Angeles.
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