The Resource Capping the mortgage interest deduction

Capping the mortgage interest deduction

Label
Capping the mortgage interest deduction
Title
Capping the mortgage interest deduction
Creator
Subject
Language
eng
Summary
In this paper the authors examine the economic implications of several policy options for capping the mortgage interest deduction (MID). They extend the standard user-cost model of owner-occupied housing to include a cap on the mortgage size receiving tax-favoured status. Their user-cost estimates for taxpayers with mortgages above the current-law cap are 4.41 percent higher than estimates from a model without the cap. They simulate the share of mortgage dollars that would be subject to three alternative cap policy variants and summarize the distributional impacts of each proposal, computing the share of mortgage dollars impacted across U.S. Metropolitan Areas
Citation source
In: National tax journal. - Washington. - Vol. LX (2007),
http://library.link/vocab/creatorName
  • Anderson, J.E
  • Clemens, J
  • Hanson, A
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • mortgage
  • interest deduction
Label
Capping the mortgage interest deduction
Instantiates
Publication
Label
Capping the mortgage interest deduction
Publication

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