Eliminating Mortgage Interest Deduction Would Raise Taxes for Middle-Class Families

WASHINGTON, D.C. – January 31, 2011 – (RealEstateRama) — Eliminating the deductions for mortgage interest and real estate taxes would raise taxes disproportionately for middle-class households and make the tax system less progressive, according to a new study from the National Association of Home Builders (NAHB).The study also concludes that the benefits of these deductions are collected primarily by middle-class taxpayers, with incomes between $50,000 and $200,000, and that greater benefits are earned by larger households and families, such as those with children