45. Prior to 1986, all consumer interest expense was deductible. In 1986, Congress eliminated the deduction for

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45. Prior to 1986, all consumer interest expense was deductible. In 1986, Congress eliminated the deduction for consumer interest expense, including interest paid on car loans and credit card balances. Why do you think Congress made this change?

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Taxation For Decision Makers

ISBN: 9781118091555

2012 Edition

Authors: Shirley Dennis Escoffier

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