For example, imagine if the government allowed Americans to contribute a portion of their paycheck each month to a tax-free down payment savings account. They could accumulate those savings as a pre-tax payroll contribution -- much like a 401(k) -- for as long as they like, up to some limit. Perhaps that ceiling could be the 35% of the median home prices in the U.S., which right now would set the cap at around $55,000. Then, once they're ready to make a home purchase, they can tap into that savings, tax-free.
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