Posted by taxguru on April 10, 2003
Tax Myths of ’86
I remember the Tax Reform Act of 1986 very well. It had been sold as the most wide sweeping simplification of the tax code ever. The reality was exactly the opposite; making the tax code more complicated than it had ever been. I inherited several clients after it passed when their tax preparers quit rather than have to learn the new rules. It was also the inspiration for my infamous poster.
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Tax Guru - Ker$tetter Letter 