Skip to main content

View Diary: Warren Buffett's latest op-ed will bring mutters of 'class traitor.' But he doesn't go far enough (117 comments)

Comment Preferences

  •  Agree (4+ / 0-)

    Very difficult to administer. And what about someone who is land-poor? You could have inherited a property that's been in your family for generations but only be barely above the poverty line. It doesn't make any sense to me. I think there are 2 major changes we need to the tax code: merging capital gains into income and capping deductions. The elimination of the social security cap would also help a lot. Personally, I don't like the mortgage interest deduction but I don't see that changing any time soon.

    For if there is a sin against life, it consists perhaps not so much in despairing of life as in hoping for another life and in eluding the implacable grandeur of this life. - Albert Camus

    by Anne Elk on Mon Nov 26, 2012 at 03:38:46 PM PST

    [ Parent ]

    •  As long as there is a real estate industry (1+ / 0-)
      Recommended by:
      Anne Elk

      the mortgage interest deduction - at least on a first home - is not going anywhere.

      "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

      by SueDe on Mon Nov 26, 2012 at 09:05:50 PM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site