Tax Policy Center

Model Estimates

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T06-0202 - Repeal Deduction for Home Mortgage Interest and Adjust Taxable Capital Income, Distribution of Federal Tax Change by Cash Income Class, 2006

Estimates of the distributional effect of repealing the mortgage interest deduction, with an adjustment to taxable capital income (to reflect the fact that individuals are likely to respond by paying down their mortgage debt with other assets that generate taxable income)

July 6, 2006