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What do you think the chances are The President and Congress get rid of mortgage interest and property taxes being a deduction on federal income taxes?

Asked by JLeslie (65410points) November 29th, 2012

I highly doubt this will happen, but I wondered what the collective thinks.

If they did get rid of the deduction do you think it would happen as soon as for 2012 taxes?

My accountant made it sound like it really might happen, but I think he is pretty right wing, southern, etc., go ahead and go with the stereotypes in this case, so generally I think he thinks the sky is falling with Obama as President.

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