PJ Media

From an Austtralian perspective, the very idea that you can get tax deductions for your mortgage interest payments on your own personal home is almost incredible.

How can such a deduction possibly be justified? It is not an expense that you incur as part of your ability to earn your wage.

So, in your country, if you could get a loan for a million dollars to buy a house, the state would give you a deduction for your interest payments? Weird. By what possible right should your community be obliged through their taxes to subsidise someone for their own personal satisfaction?

And you guys carry on about not being socialists!

Cheers

Greg J from Melbourne, OZ