The Daily Stat: The Mortgage-Interest Deduction Mainly Helps the Rich Buy Bigger Homes

 

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March 31, 2014 The Mortgage-Interest Deduction Mainly Helps the Rich Buy Bigger Homes The average house size in the Washington, D.C., area, is about 1,400 square feet larger than it would have been if the U.S. government didn't provide tax benefits such as the mortgage-interest deduction to promote home ownership, according to a study described by the Wall Street Journal. While driving up the size of houses in affluent areas, the tax breaks have done little to broadly encourage people to buy homes. The benefits cost the government $175 billion annually in lost revenue, the Journal says. SOURCE: Mortgage Tax Breaks Trickle Up, New Study Shows

PREVIOUS STATS Your Belief That the World Is "Just" Can Make You Cruel Could You Come Up with $2,000 in 30 Days? Founding a Hardware Start-Up Is Getting Easier Feeling Fear in the Presence of a Brand Makes You More Attached to It Rigid Gender Roles Can Take a Toll on Women's Quality of Life Do You Need to Hear a Musical Group to Judge Its Quality?

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Management Tip of the Day: Blast Through an Email Onslaught

 

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March 31, 2014 Blast Through an Email Onslaught Email is one of the biggest productivity challenges that executives face. Sorting through the daily barrage consumes a ridiculous amount of valuable time that could be spent elsewhere. But this is a solvable problem if you learn how to efficiently manage your everyday communications. Don't check your email incessantly; only look at it every hour or two. Discipline yourself to read only the subject matter so that you can discard irrelevant or unimportant messages right away. You can purge more than half of incoming messages this way. Practice "OHIO" — Only Handle It Once. Immediately decide what to do with each email, and answer important ones quickly instead of filing them away. Because once you're finally ready to tackle them, you'll spend half an hour just searching through folders. Adapted from "Executives' Biggest Productivity Challenges, Solved" by Gretchen Gavett.

PREVIOUS TIPS Boost Employee Engagement (and Make Customers Happy) Consider the Goal Before Giving a Presentation Sometimes You Have to Be the “Bad Guy” Don’t Let Fear of Being Different Stifle Talent Boost Performance by Managing Mindfully Try This Exercise to Clarify What Your Company Stands For

BEST SELLERS HBR's 10 Must Reads: The Essentials | HBR's 10 Must Reads Boxed Set | HBR Guide to Persuasive Presentations | HBR Guide to Better Business Writing | HBR Guide to Getting the Right Work Done

FEATURED PRODUCT The First 90 Days App for iPhone and Android MAKE YOUR NEXT CAREER TRANSITION A SUCCESS. Download The First 90 Days App today to help you stay ahead of the game. Download on the App Store Download on Google Play

FEATURED PRODUCT Financial Intelligence Collection: Savvy Advice for Managers Looking to Increase Their Knowledge, Confidence, and Impact (4th Edition) Special Collections The Financial Intelligence Collection gives managers mastery of the financial basics they need to plan, budget, forecast, and control resources with confidence. It will enable you to mine every bit of meaning from the financial reports that cross your desk, to employ financial techniques that can multiply your effectiveness, and to foresee business opportunities that remain invisible to others. If you're not a "numbers person," this is the perfect way to learn what you've always needed to know. Buy Now

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Communicating for Success

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