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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (161613)2/19/2003 6:26:59 PM
From: hmaly  Respond to of 1578148
 
David Re.. and Reagan's '86 tax act plugged up the major tax loopholes with "Passive Activity Loss Limitations" under Code Section 469.

Thanks, that is what I thought. Weren't the limited partnership scams a big reason for the saving and loan failures. They would have made money, but when Reagon cut off the tax loop holes, they went bust, and took the savings and loans with them.


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