Tax Update Blog: Permalink
« Previous · Tax Update Blog Home · Next »
HAPPY BIRTHDAY!
October 22, 2007
October 22, 1986: President Reagan signs the Tax Reform Act of 1986.
We can't let the anniversary of the Tax Reform of 1986 pass unnoticed today. It's hard to believe that in our lifetimes we had a 28% top rate while somehow doing without seven separate tax breaks for higher education, no domestic production deduction, and no ethanol or biodiesel credits.
Charles Rangel is about to spring a "reform" effort on us, purportedly to get rid of the alternative minimum tax. I'll take bets that the top Rangel rate will exceed 28%.
Meanwhile, celebrate the 21st birthday of the Internal Revenue Code of 1986 in your own way.
Bookmark: del.icio.us • Digg • reddit
Tax Updates
Subscribe to Tax Updates
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
Search Tax Updates
Friends and Neighbors
Economics Nerds
Hard-Core Tax Nerds
Gigablogs
Insurance Folk
Goners
Legislation
Tax Update Data Feeds
