Is There a Bailout Bill For Home Buyers?
Posted: under Real Estate.
Tags: Allen Davis, bailout bill, Realestatesearchdirect.com, Technorati
With all the taxpayers money the government is throwing around, shouldn’t the common folk get a piece of the pie instead of giving it all away in bonuses to corporate executives? Is there a bailout bill for home buyers?
Will it really help the economy to make sure that CEOs don’t have to give up buying their fourth Rolls Royce? Or would it be better to help people getting a financial start to buy their home?
Of the hundreds of billions in bailout money, there is very little to help people really struggling with economic hardship. There is one measure that helps first time home buyers. The federal government is offering a tax credit of up to $8000 on the purchase of a home.
Since today is tax day, this is a good time to think about what it would be like to have to pay $8000 less on your federal income tax. So what if you don’t owe any tax?
Comments (2)
Apr 15 2009
