Quote:
Originally Posted by Buddahaid
Well, yes. There are not many homes available in California in the urban areas that sell for less than that amount. Single? So this is a tax on lifestyles that are not in that traditional comfy looking Norman Rockwell style? Looks like more of a tax on individuality. Where's the freedom in that?
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Maybe not in Beverly Hills or the Hamptons but there are plenty of houses going for much less than that in urban areas. Are you saying that 90210 residents are really going to be harmed by not being able to deduct the interest on the value of their mansions over 500 grand?
As for Norman Rockwell i'm not sure what a dead painter has to do with it but yeah single as in half the deduction given to two people.