--- In FairfieldLife@yahoogroups.com, anonymousff <[EMAIL PROTECTED]> wrote: > > > > > > Tax breaks for homeownership particularly help the wealthy while > > lower-income people don't get enough benefits, said panelists such as > > Liz Ann Sonders,
[she is a total babe, btw] the chief investment officer at San Francisco-based Charles Schwab Corp. The current incentives, including the fact that most home sales are tax-free, are driving up home prices, making them unaffordable or pushing lower-income borrowers to take out risky mortgages. > > ``We are starting to see some significant pain here,'' Sonders said. > > The panel agreed to a proposal by former IRS Commissioner Charles > > Rossotti to make it easier for lower income Americans to get a tax > > break for donating money to charity. > This is just more pure b.s by the PResident and his cronies who are > easily the biggest crooks and liars and distorters of reality than > have ever run this country. Reading their b.s is like being on a bad > acid trip which I have had. And what specific tax policy recomendations do you disagree with. For the most part, they look courageous and represent changes that are long overdue. > One of the benefits of owning a home for the lower income people is > the tax benefit. And what is the economic benefic / justification for that? Without deductions above 350,000, house prices will fall, allowing greater affordability. And the economy will be stronger, wages and salaries will increase. Technology innovation will increase. Mortgage deductions, except perhaps at the very lowest end, are quite unsound from an economic policy perspective. And a $350,000 cap will not affect the average US bmost buyers -- the average and median priced home is still below $350,000 > > What a bunch of amazingly crooked s**t. I understand you are angry at Bush. Going beyond that, and focusing on the the tax proposals,what specific tax policy recomendations do you disagree with? ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/JjtolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
