The Tax Reform Act of 1986 (P.L.99-514) was a bipartisan reform that simplified the tax code by broadening the tax base, lowering individual and corporate rates, eliminating many deductions, and promoting fairness in taxation.
Glossary Term
Glossary Term
The Tax Reform Act of 1986 (P.L.99-514) was a bipartisan reform that simplified the tax code by broadening the tax base, lowering individual and corporate rates, eliminating many deductions, and promoting fairness in taxation.