Discuss is mortgage interest on vacation homes deductible

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1. Would eliminating the death tax discourage productivity for future generations that inherit large estates? Why, or why not?

2. Using all of the research resources at your disposal, determine how much revenue the estate tax brings into the federal treasury. Are you surprised by this amount? Is it higher or lower than you thought? (Please be sure to cite your references)

3. If the mortgage interest deduction were eliminated, do you think that home ownership rates would decline? Why, or why not?

4. Is mortgage interest on vacation homes deductible? Are any expenses on a vacation home deductible?

Reference no: EM131788547

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