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Joe Stocks

01/07/03 10:16 PM

#62405 RE: SoxFan #62400

>>Why do we have a tax deduction for Charity, or interest on mortgages, or depreciation.<<<

Charity- gives us a choice of where we want our tax dollars to be spent versus the government picking all the charities.

Mortgages- For our economy. Homebuilding drives our economy like nothing else. WE all share an interest in having a vibrant economy.

Depreciation- Just keeps you from taking the whole write-off all at once.