The Tax Reform Act of 1986 is a law passed by Congress that reduced the maximum rate on ordinary income and raised the tax rate on long-term capital gains.

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A post in the Tax Foundation’s TAX POLICY BLOG from 2006 pointed out that in the then 20 years since the enactment of the Tax Reform Act of 1986, “much of what passed in 1986 to limit special ...

The last major reform of the federal income tax laws occurred 30 years ago with the Tax Reform Act (TRA) of 1986, P.L. 99-514, signed into law on Oct. 22, 1986. The changes were so significant that ...

Developments since the 1986 Tax Reform Act was signed favor a successful outcome for the current reform effort, said two experts who worked for congressional committees producing the earlier ...

The Tax Cuts and Jobs Act of 2017 may have possibly improved economic efficiency. But in terms of the totality of traditional standards for evaluating tax reform, it is giant step backwards in my ...

The Tax Reform Act of 1986 shifted a large part of the tax burden from individuals to corporations; it also exempted millions of low-income households from federal income taxes.

“Tax reform right now has one fundamental thing in common with 1986. That is the country is drowning in tax expenditures,” says Ed Kleinbard, former chief of staff of the Joint Committee on ...

Before the Tax Reform Act of 1986, changes in taxation did not stabilize investment. 3. Aggregate equipment investment in 1986-87 was generally consistent with the model’s predictions, ...

The Tax Reform Act of 1986 was everything this year’s version isn’t. It was the product of a year and a half of spirited deliberations. It won support from both Democrats and Republicans.

The Tax Reform Act of 1986, enacted 25 years ago last Friday, showed how a tax reform that includes lower rates can change incentives in a way that grows the tax base and produces extra revenue.

Two weeks from Tax Day, taxpayer frustration is high. As lawmakers seek a path to tax reform, the lessons of the Revenue Act of 1913 and the Tax Reform Act of 1986 might be helpful to recall.