It’s tax time, and as I write, last-minute filers across Springfield are huddled over dining tables, poring through store receipts and bank books looking for deductions that might reduce the cost of being a citizen. One of the most popular is the deduction of money paid in interest on one’s house mortgage. Back in 2009, […]
tax policy
Posted inOpinion
Faulty deductions
It’s tax time, and the hunt for deductions is on. Back in 2009, I griped about the folly of the federal tax subsidy to home owners in my column, “Just extra money.” The deduction for home mortgage interest favors families spending more money on more house, because the more they pay in interest, the more […]
