The NY Times reports:
[T]he people who tend to derive the greatest dollar produce goodness from the mortgage involvement deduction are households earning $100,000 to $500,000 a year.
“About two-thirds of the full produce goodness teach to that grouping inward the 80th through the 99th income percentiles,” Mr. Rosenberg said.
For those households, past times the center’s calculations, the taxation produce goodness of the deduction amounts to nearly 1.5 per centum of after-tax income. By means of comparison, the value to households earning $40,000 to $50,000 is closer to 0.3 per centum of after-tax income; for households earning $50,000 together with $75,000, it is 0.7 percent.These numbers compare the condition quo to a arrangement without whatever mortgage deduction at all. If instead nosotros lowered the size of the mortgage eligible for this deduction from the electrical flow $1 i chiliad 1000 to, say, $250,000, the base of operations broadening would have an fifty-fifty smaller resultant on middle-income housholds. Sumber https://gregmankiw.blogspot.com/
