Quote Originally Posted by HURRICANEBOB View Post
I got an idea to help the economy and homes sales market.

Along with giving folks a break who own a home, give us a tax break so we can afford to buy a new one. I file an affadavit with my taxes stating an intent to buy within the next 12 months, and Uncle Sam sends me a check for say 10% of what I reported as income for the year. If I buy within the year, the validation is the fact that I claim either a new address or a tax credit for the interest paid. If I don't buy in that 12 month period, the money I got converts to a loan with a 5 year payback at market rates until I do buy, and then Uncle Sam sends me back a check for what I made in principal payments, but keeps the interest.

Makes sense to me.
The federal government already provided incentives for people to buy new homes, and that didn't work out so hot. Besides after government finishes with it, your single paragraph would add several more volumes to the already hopelessly complicated tax code.

A major reduction of the federal government's size and influence, elimination of the IRS as we know it, and a flat tax rate for everyone including corporations gets my vote.