Prior to 1986, all consumer interest expense was deductible. In 1986, Congress eliminated the deduction for consumer
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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 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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