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25 Years Ago…

Posted by taxguru on October 25, 2011

I was taking a tax update webinar this morning and the instructor, Annette Nellen, had this picture of the signing ceremony from the monumental 1986 Tax reform Act, which made several major changes to the tax code.

From Blog Pix


Here are some interesting recent articles about that law:

By Annette Nellen:
25th Anniversary of the Tax Reform Act of 1986. Is the 25th anniversary a time to celebrate it or wonder what happened to it? 

By Martin Feldstein:
The Tax Reform Evidence From 1986 Experience implies that the combination of base broadening and rate reduction would raise revenue equal to about 4% of existing tax revenue.



I couldn’t resist the temptation to show what was really going through their minds at that signing ceremony.  Click on the image for a larger version.

From Blog Pix

TaxCoach Software: Finally! Plain-English Tax Planning That Builds Your Business!


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