Compare given tax deduction to a uniform tax credit

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Reference no: EM131199102

The largest tax break for most Americans is the mortgage interest tax deduction, which allows homeowners to deduct from their taxable income the amount of money they pay in interest to finance their homes. This tax break is intended to encourage homeownership.

Compare this tax deduction to a uniform tax credit for homeownership on equity and efficiency grounds.

Reference no: EM131199102

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