The wealthy receive housing subsidies through the mortgage income tax deduction.

Name: The wealthy receive housing subsidies through the mortgage income tax deduction.
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Question

The wealthy receive housing subsidies through the mortgage income tax deduction.​

Quizplus · Accepted Answer

The mortgage interest deduction allows homeowners to deduct interest paid on their mortgage from their taxable income, effectively reducing the cost of borrowing for homeowners, which disproportionately benefits higher-income individuals who are more likely to own homes and have larger mortgages.

The Wealthy Receive Housing Subsidies Through the Mortgage Income Tax