[lbo-talk] The tax deductibility of debt

Michael Pollak mpollak at panix.com
Tue Aug 31 12:22:00 PDT 2010


What's the rationale and origin for the tax deductibility of interest payments? Besides mortages -- I understand the original rationale there. But I don't understand it for any other business or consumer financing. And was there a specific moment in time when this decision was taken or did it just sort of accrete?

Michael



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