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OUR LITTLE MONSTER HAS GROWN UP

October 22, 2004

The Internal Revenue Code of 1986 is 18 years old today. At the time it seemed like a confusing and difficult work. Compared to today's version of the '86 code, suffering from 18 years of poorly thought-out and expedient amendments, the 1986 product looks like a model of simplicity and sound tax policy.

Raise a glass with us to a bygone day when sound tax policy seemed to matter.

1986.jpg
October 22, 1986: President Reagan signs the Tax Reform Act of 1986.

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