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The Code is 23!
October 22, 2009
Today is the 23rd anniversary of the Internal Revenue Code of 1986, enacted when President Reagan signed the Tax Reform Act of 1986 into law.
October 22, 1986: President Reagan signs the Tax Reform Act of 1986.
At the national firm I worked for then, we were preparing a big client seminar on the tax reform. We got our first copy of the actual legislation only days before we were to go on, and we literally ripped the book into sections so each presenter could study the portion they were planning to discuss (I got the passive loss rules). Thank goodness for the internet.
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Comments
It's stories like this taht remind me that I am still young. Thanks!
Posted by: Dustin | October 22, 2009 2:46 PM
Show some respect, sonny-boy, or I'll drive over your toes with my walker!
Posted by: Joe Kristan | October 22, 2009 2:57 PM
How old does it have to get before we tear it apart again?
Posted by: Monica | October 27, 2009 7:47 PM