great 2

profilegysgtclarke

in 150 words answer the below question

 

The Tax Reform Act of 1986 eliminated the deductibility of interest payments on consumer debt (mostly credit cards and auto loans) but maintained the deductibility of interest payments on mortgages and home equity loans. What do you think happened to the relative amounts of borrowing through consumer debt and home equity debt?

 

    • 9 years ago
    • 3
    Answer(1)

    Purchase the answer to view it

    blurred-text
    NOT RATED
    • attachment
      relative_amounts_of_borrowing.docx
    Bids(1)