Explain the consumer debt and home equity debt

Assignment Help Microeconomics

Reference no: EM13197364

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?

Reference no: EM13197364

Questions Cloud

Explain critical thinking to the decision-making process : Apply critical thinking to the decision-making process by discussing workplace examples that highlight each of the three different types of thinking you have examined in this paper.

Explore your main idea of problem related to health : Effect of drug abuse on specific cultures or groups. Is there a specific cultural group or population that has demonstrated increased consumption of alcohol leading to increased alcoholism and related problems? Is special or more specialized treat..

Define hospital be as attractive to physicians : why doesn't it also apply to nursing homes? Would a doctor-owned, for-profit hospital be as attractive to physicians as a nonprofit hospital?

Fundamental factors of your selected bank : Examine the fundamental factors of your selected bank. On the basis of this fundamental analysis and other methods of share valuation, determine if your selected bank is overvalued or undervalued.

Explain the consumer debt and home equity debt : 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.

Describe the acting is impressive across the boards : What makes The Dark Knight fairly unique among comic book movies is the focus on acting and storytelling. The acting is impressive across the boards. Bale, Oldman, Ledger, Caine, Morgan Freeman, and Aaron Eckhardt all excel in their roles. Unlike ..

Is there a binding contract to build the road : In 1994, the Dryden Construction Company contracted with the Ontario Hydro Electric Power Commission to build an access road 7 miles long from its Manitou Falls generating station to Provincial Highway No. 105. The contract contained the following..

Describe the term god given freedom of the individual : The evolution of the concept of "God given freedom of the individual" stemming from the Protestant Reformation and developing through the American Enlightenment and the Great Awakening, and culminating with the Declaration of Independence.

What are the pros and cons of egans performance appraisal : What are the pros and cons of Egan's performance appraisal system Do you think it identifies the best employees Do you think it helps develop employees to perform the best they can Can increased sales be linked directly

User Account

All Pages