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October 13, 2005
President's Advisory Panel on Federal Tax Reform
This tax plan would make high-end property much less attractive financially.
One change discussed would lower the $1 million limit on mortgages eligible for the interest deduction to an amount closer to average housing prices, with adjustments for geographical differences. The panel also considered converting the current deductions into a credit, among other ideas.
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Posted on October 13, 2005 06:40 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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