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Free minder
Join Date: Nov 2001
Location: Middlessex county, MA
Posts: 9,422
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I did not get the part where taxpayers would be financing Bank of America. Whenever people whine about taxpayers funding this or that, they always forget that companies pay taxes too. So, if I understood the article well, the author says that because BOA would be getting a $270M taxbreak/yr for acquiring Countrywide, the taxpayers must come up with that money???
If I apply the same reasoning, I got a bigger mortgage, so bigger tax deductions. Does it mean that other taxpayers must come up with the money because I paid less taxes? I don`t think so.
Aurel
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