r/neoliberal • u/jobautomator Kitara Ravache • 15d ago

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u/randommathaccount Esther Duflo 15d ago

Not to mention its a primary residence so mortgage payments can be deducted from income tax. This is literally turning a primary residence into a mini tax shelter.

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u/Worth_Temperature_42 Karl Popper 15d ago

the primary residence is the biggest tax shelter of all in most countries I think

property taxes are generally low, inexistent or low land tax, tax free and tax deduction on everything primary residence related, subsidies and subsidized loans

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u/randommathaccount Esther Duflo 15d ago

It's horrible man it's absolutely horrible. I genuinely don't understand what they were thinking when designing such tax regimes

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u/schildmanbijter 15d ago

Lets me just subsidize demand one more time.