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TAX LAW: PRACTITIONER SERIES ABSTRACTS"The Accidental Deduction: A History and Critique of the Tax Subsidy for Mortgage Interest"
DENNIS J. VENTRY, University of California, Davis - School of Law This Article traces the mortgage interest deduction from accident to birthright, from one of many deductible personal interest items to one of the few left standing, and from a nominal tax offset to the second most expensive tax subsidy. It tells the story of how the mortgage interest deduction and other federal housing subsidies fueled the post-World War II surge in rates of homeownership and, more recently, how those programs contributed to the collapse of the housing and financial markets. Finally, the Article offers a eulogy to the mortgage interest deduction that draws on criticisms of the subsidy from two generations of tax reformers and tax policymakers that are more applicable today than at any time during the deduction’s nearly 100-year history. | ||||||||
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Solicitation of Abstracts
This journal publishes abstracts of working papers and articles accepted for publication in the field of tax law that are of particular interest to tax practitioners (attorneys, accountants, and enrolled agents).
Distribution ServicesIf your organization is interested in increasing readership for its research by starting a Research Paper Series, or sponsoring a Subject Matter eJournal, please email: RPS@SSRN.com Distributed by:Advisory BoardTax Law: Practitioner Series C. DAVID ANDERSON MARY LOUISE FELLOWS BARBARA H. FRIED DANIEL I. HALPERIN DAVID P. HARITON WILLIAM A. KLEIN DEBORAH SCHENK REED SHULDINER JEFF STRNAD
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