Author: Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 16
Book Description
Home Mortgage Interest Deduction
Author: Mortgage Interest Tax Credit
Author: United States. Congress. House. Committee on the Budget. Task Force on Tax Expenditures and Off-Budget AgenciesPublisher:
ISBN:
Category : Mortgages
Languages : en
Pages : 112
Book Description
Mortgage Tax Credit
Author: United States. Congress. Senate. Committee on FinancePublisher:
ISBN:
Category : Home ownership
Languages : en
Pages : 200
Book Description
Farmer's Tax Guide
Author: Analysis of the President's Commission on Housing's Proposal of a Mortgage Interest Tax Credit
Author: Rae Jean B. GoodmanPublisher:
ISBN:
Category : Mortgages
Languages : en
Pages : 42
Book Description
This paper presents the results of an investigation of the effect on savings and loan associations for the 1975-80 period of the mortgage interest tax credit proposed by the Presiden'ts Commission on Housing. The tax proposal is a mortgage interest tax credit available to final investors (holders) of motgages or mortgage-backed securities, comuted as a percentage of the mortgage interest earned. Eligibility for the tax credit would be based on net new mortgage flows; the level of the tax credit would depend on the interest income from mortgage assets. The report of the President's Commission discussed both a fixed-rate tax credit and a graduated tax credit. The conclusions of the study are: (1) a constant-rate tax credit of 2 percent for S&Ls investing 40 percent or more of all net new funds in mortgages would provide, in general, a break-even point with the current tax system. (2) A step-graduated tax credit ranging from 1.0 to 2.5 percent with a 40 percent or greater investment of new net funds in mortgages would provide a tax-neutral situation. (3) A graduated tax would supply additional incentives for mortgage investement relative to a constant-rate tax credit. (4) A tax credit covering a much greater range in portfolio investment in mortgages would provide incentives for new entrants into the market. (5) There should be some form of eligibility requirement linked to annual mortgage flows to prevent any windfall gain to one-time mortgage issuers (holders). (6) There are significant arguments to support a mortgage interest tax credit relative to the current tax system.
Home Mortgage Interest Deduction
Author: Homeowners & Taxes
Author: Richard I. HartPublisher: Nova Science Publishers
ISBN: 9781619428805
Category : Energy tax credits
Languages : en
Pages : 0
Book Description
Concern has increased over the size and sustainability of the United States' recent budget deficits and the country's long-run budget outlook. This concern has brought the issues of the government's revenue needs and fundamental tax reform to the forefront of congressional debates. Congress may choose to address these issues by reforming the set of tax benefits for homeowners. Reducing, modifying, or eliminating all or some of the current tax benefits for homeowners could raise a substantial amount of revenue, while simultaneously simplifying the tax code, increasing equity among taxpayers, and promoting economic efficiency. This book focuses on the mortgage interest deduction, the deduction for state and local property taxes and the residential energy tax credit.
United States Code
Author: United StatesPublisher:
ISBN:
Category : Law
Languages : en
Pages : 1506
Book Description
"The United States Code is the official codification of the general and permanent laws of the United States of America. The Code was first published in 1926, and a new edition of the code has been published every six years since 1934. The 2012 edition of the Code incorporates laws enacted through the One Hundred Twelfth Congress, Second Session, the last of which was signed by the President on January 15, 2013. It does not include laws of the One Hundred Thirteenth Congress, First Session, enacted between January 2, 2013, the date it convened, and January 15, 2013. By statutory authority this edition may be cited "U.S.C. 2012 ed." As adopted in 1926, the Code established prima facie the general and permanent laws of the United States. The underlying statutes reprinted in the Code remained in effect and controlled over the Code in case of any discrepancy. In 1947, Congress began enacting individual titles of the Code into positive law. When a title is enacted into positive law, the underlying statutes are repealed and the title then becomes legal evidence of the law. Currently, 26 of the 51 titles in the Code have been so enacted. These are identified in the table of titles near the beginning of each volume. The Law Revision Counsel of the House of Representatives continues to prepare legislation pursuant to 2 U.S.C. 285b to enact the remainder of the Code, on a title-by-title basis, into positive law. The 2012 edition of the Code was prepared and published under the supervision of Ralph V. Seep, Law Revision Counsel. Grateful acknowledgment is made of the contributions by all who helped in this work, particularly the staffs of the Office of the Law Revision Counsel and the Government Printing Office"--Preface.
Basis of Assets
Author: Medical and Dental Expenses
Author: Publisher:
ISBN:
Category : Income tax deductions for medical expenses
Languages : en
Pages : 20
Book Description