Mortgage interest and the single taxpayer

[powerage]

I read a couple of articles today about doing away with the MI deduction, and I heard it is gaining steam. I do not like this idea.

The single person already gets beat over the head with taxes, and by taking away this deduction, it will hurt even more. A single person can have a W-2 with wages of $40,000, and can afford to pay $5000 in MI and $1000 in real estate taxes. That little bit enables the taxpayer to itemize and to legally reduce the already high taxes owed as a single person.

Instead of punishing a single person even more, at least leave the MI deduction.

[taxea]

We have so much to deal with. Other than keeping track of what is happening with tax proposals I don't concern myself until they become law. Nothing I can do about it except explain to the client what happened.
Whenever clients ask about proposals I tell them, "if you don't like it talk to your congressmen" Keep it to yourself and it will become law because no one is fighting it,.