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On Capital Gains And Marginal Tax Rates, Deborah A. Geier
On Capital Gains And Marginal Tax Rates, Deborah A. Geier
Law Faculty Articles and Essays
The current tax treatment of qualified residence interest is far from perfect. The President's Advisory Panel on Federal Tax Reform's proposal related to the current home mortgage interest deduction does little to advance Congress' clearly-stated policy of encouraging homeowership while, at the same time, it will have an almost-certain negative effect on home prices. The author asserts that those whose home is their most valuable asset have much to fear should the Panel's recommendations come to fruition.