Comments on: Presidential Tax Reform Panel Recommendations http://www.bargaineering.com/articles/presidential-tax-reform-panel-recommendations.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 By: Carnival of Personal Finance #19 http://www.bargaineering.com/articles/presidential-tax-reform-panel-recommendations.html/comment-page-1#comment-349996 Carnival of Personal Finance #19 Fri, 16 Jul 2010 11:33:55 +0000 http://www.bargaineering.com/articles/presidential-tax-reform-panel-recommendations.html#comment-349996 [...] lot of money.Tax Reform Imminent. Last week, the presidential tax reform panel made suggestions for overhauling the U.S. tax code. Jim from Bargaineering takes an in-depth look into what the proposal includes.Health Plans Get Complicated. Henry Stern from [...] [...] lot of money.Tax Reform Imminent. Last week, the presidential tax reform panel made suggestions for overhauling the U.S. tax code. Jim from Bargaineering takes an in-depth look into what the proposal includes.Health Plans Get Complicated. Henry Stern from [...]

]]> By: renee http://www.bargaineering.com/articles/presidential-tax-reform-panel-recommendations.html/comment-page-1#comment-1724 renee Mon, 31 Oct 2005 21:00:02 +0000 http://www.bargaineering.com/articles/presidential-tax-reform-panel-recommendations.html#comment-1724 The mortgage deduction cap is simply a way for Bush to punish the Blue States. PERIOD. It will have a very bad effect on low-middle income Californians who rely on their homes for retirement and are barely able to pay their mortgages in the first place! BAD idea. The mortgage deduction cap is simply a way for Bush to punish the Blue States. PERIOD.

It will have a very bad effect on low-middle income Californians who rely on their homes for
retirement and are barely able to pay their mortgages in the first place!

BAD idea.

]]> By: jim http://www.bargaineering.com/articles/presidential-tax-reform-panel-recommendations.html/comment-page-1#comment-1628 jim Sat, 22 Oct 2005 15:56:52 +0000 http://www.bargaineering.com/articles/presidential-tax-reform-panel-recommendations.html#comment-1628 There are more details on that here: <a href="http://www.bargaineering.com/articles/proposed-mortgage-deduction-changes.html" rel="nofollow">Proposed Mortgage Deduction Changes</a> There are more details on that here:
Proposed Mortgage Deduction Changes

]]> By: mbhunter http://www.bargaineering.com/articles/presidential-tax-reform-panel-recommendations.html/comment-page-1#comment-1627 mbhunter Sat, 22 Oct 2005 15:34:14 +0000 http://www.bargaineering.com/articles/presidential-tax-reform-panel-recommendations.html#comment-1627 Regarding point three: ouch! The fact that you can deduct your mortgage interest has always been a selling point for banks, real estate agents, financial planners, etc. -- so much so that people have taken it for granted. The government can, and will, change the rules at any time if it's advantageous to the government. You have rising rates, a lot of loans with adjustable rates and heavy on the interest portion of the payment -- and now you might lose the deduction for some of that interest! Plus, you have tougher bankruptcy laws in effect. Is the sky starting to fall yet? Regarding point three: ouch! The fact that you can deduct your mortgage interest has always been a selling point for banks, real estate agents, financial planners, etc. — so much so that people have taken it for granted. The government can, and will, change the rules at any time if it’s advantageous to the government.

You have rising rates, a lot of loans with adjustable rates and heavy on the interest portion of the payment — and now you might lose the deduction for some of that interest! Plus, you have tougher bankruptcy laws in effect. Is the sky starting to fall yet?

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