http://www.wallsofthecity.net/2007/08/plastic_society.html defending our rights from the ramparts Sat, 11 Feb 2012 02:52:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.wallsofthecity.net/2007/08/plastic_society.html#comment-363 Linoge Tue, 28 Aug 2007 19:35:51 +0000 http://www.wallsofthecity.net/?p=356#comment-363 Huh. I can honestly say I never knew that (not surprising, given the act was passed a few years after my birth). Though, in equal honesty, I doubt we will ever see that kind of deduction ever again, <em>especially</em> given how much interest charges most people rack up. Huh. I can honestly say I never knew that (not surprising, given the act was passed a few years after my birth). Though, in equal honesty, I doubt we will ever see that kind of deduction ever again, especially given how much interest charges most people rack up.

]]> http://www.wallsofthecity.net/2007/08/plastic_society.html#comment-362 David Tue, 28 Aug 2007 10:57:09 +0000 http://www.wallsofthecity.net/?p=356#comment-362 Yup. See here: <a href="http://www.allbusiness.com/accounting/liabilities/421682-1.html" rel="nofollow">http://www.allbusiness.com/accounting/liabilities/421682-1.html</a> The quote I'm pointing out is in the first lines: the 1986 tax reform act eliminated the deduction for personal interest. Credit card interest is personal interest. Yup. See here: http://www.allbusiness.com/accounting/liabilities/421682-1.html
The quote I’m pointing out is in the first lines: the 1986 tax reform act eliminated the deduction for personal interest. Credit card interest is personal interest.

]]> http://www.wallsofthecity.net/2007/08/plastic_society.html#comment-361 Linoge Mon, 27 Aug 2007 16:00:22 +0000 http://www.wallsofthecity.net/?p=356#comment-361 I have absolutely no doubt he could win with that stance, assuming no inordinately stupid other stance. This used to be the case, though? One has to wonder what it would do to the economy (and what tax increases we would face to offset it)... I have absolutely no doubt he could win with that stance, assuming no inordinately stupid other stance. This used to be the case, though? One has to wonder what it would do to the economy (and what tax increases we would face to offset it)…

]]> http://www.wallsofthecity.net/2007/08/plastic_society.html#comment-360 David Mon, 27 Aug 2007 10:42:40 +0000 http://www.wallsofthecity.net/?p=356#comment-360 I have often thought that a presidential candidate could win handily with the promise to make ALL interest charges once again tax-deductible, just like mortgage interest. I have often thought that a presidential candidate could win handily with the promise to make ALL interest charges once again tax-deductible, just like mortgage interest.

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