Tax breaks for homeownership are concentrated among individuals with incomes well above the median and can encourage borrowing at the expense of wealth accumulation, as homeowners often use home equity loans to finance consumption.

Authors

• Person: Eugene Steuerle Organization: Milken Review
  Taxes, Government Transfers and Wealth Inequality

Sources

• Taxes, Government Transfers and Wealth Inequality www.milkenreview.org Eugene Steuerle · Milken Review via serper

Referenced by nodes (4)

• consumption concept
• wealth accumulation concept
• home equity loans concept
• homeownership concept