My bank stocks are going to go through the roof and I don't need SS or Medicare. And since I'm already retired and the wife will be shortly I dont give a shit about 2021 or 2027.
The bank stocks are all going to collapse the minute growth doesn't hit projections -
which will be in the first year.
I'm gonna take the word of the financial experts thanks.
Actually if you took the word of the financial experts then you would know that bank stocks are some of the hardest hit sectors in an economic downturn
Sent from my iPhone using
USMessageBoard.com
We'll see. I happen to know some experts in the banking business.
A little bit of history:
"Initially the proposals in the mid 1980s would have eliminated all interest deductibility. But in a
speech in 1984 to the National Association of Realtors,
President Ronald Reagan carved out an exception.
"I strongly agreed with the home mortgage interest deduction, which is so vital to millions of hard-working Americans. And in case there's still any doubt, I want you to know we will preserve that part of the American dream," he said. "Well, that is the thing, that deduction, that symbolizes, I think, that American dream."
The Tax Reform Act of 1986, in the end kept the deduction — but the elimination of other deductions allowed the top marginal tax rate to drop from 50 percent to 28 percent. It did, however,
limit the deduction to mortgage debt from a principal residence and a second home. It was capped at $1 million and not much has changed since then (except $1 million can't buy what it used to).
Eliminating the mother of all tax deductions
