You know those claims about tax loopholes? OK. They aren’t claims, they are basically true. The problem is that one person’s loophole is another’s tax preference. After all, those who rent their homes don’t get any assistance, but those who borrow $ 999,999 to pay off their home in 30 years- they get to deduct their mortgages. And, we know that those who rent are generally of lower income than those who have these high mortgages.
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