Really rich people are suddenly paying quite a bit more in taxes

Re:Really rich people are suddenly paying quite a bit more i... by ksec on Wednesday December 30, 2015 @11:45PM (#10816185)

I know this is about US taxes only, ( And i am not from US ). But shouldn't mortgage reduction only be acceptable if you have one property only? If you have multiple property, then you are basically accumulating asset over a long period of time.

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Re:Really rich people are suddenly paying quite a bit more i... by analog31 on Thursday December 31, 2015 @12:17AM (#10816313)

Apparently, one or two homes, and there are limitations on the deduction for your second home.

https://www.irs.gov/publications/p936/ar02.html

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