Mortgage breaks fail to boost home ownership
The study, conducted by economists at R Street Institute and published on March 24, 2014, analyzed IRS data on a zip code basis to assess the distribution of tax benefits across the major metropolitan regions as well as income levels. The findings of this study only serve to affirm economic research that points towards tax preferences not really benefiting Americans, although they lead to forgone revenues of about $175 billion each year for the government.
