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DOWN TAX MEMORY LANE

September 29, 2006

The Tax Policy Center has posted a list of "major" tax legislation since 1981. By my count, there have been 35 of these in the 22 years I've been in the tax business. I suppose I should be thankful that Congress feels moved to pass an economic assistance bill for the tax consulting industry about 1 1/2 times per year, but really - they shouldn't have.

Still, it's hard not to get misty-eyed reminiscing about Bob Dole and the "Deficit Reduction Act of 1984." Of course, the "Tax Reform Act of 1986" remains a milepost in our tax life. And who can forget the "Family Security Act of 1988," not to be confused with the "Working Families Tax Relief Act of 2004" or the "Military Family Tax Relief Act of 2003" or the "Taxpayer Relief act of 1997" or the "Economic Growth and Tax Relief Reconciliation Acti of 2001." Sigh... good times, good times, for lobbyists and tax practitioners, anyway.

Hat Tip: The TaxProf.

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