BAC reduction of tangible book if Corp tax rate reduced to 28%

[wescobrk]

Anyone know BAC federal DTA number or have handy?

I'm curious the hit they will take to tangible book if Corp tax rate is reduced to 28% As Obama and congress have discussed in 2013?

Thanks!

[ERICOPOLY]

One thing we could do is lobby our local Congressman to bring the corporate tax rate up to 90% so that the value of the DTA would soar.

[wescobrk]

Jeez, what's with the ad hominems on this board lately? Not making an argument it's bad just a question.

[ERICOPOLY]

I'm venting at that WSJ article from a day or two ago that talked about the big writedowns coming if corporate tax rates are reduced.  The point of the article was clearly to scare the reader about the coming "losses".

[wescobrk]

No problem. I have a big debt of gratitude for your analysis on BAC. It has helped with my current allocation and, no doubt, nice profits in the future.

I'm glad you're enjoying Cali.