When vast numbers of people call the U.S. tax system unfair, we can use four handy tax facts to form our own opinions.
A Lesson From 1986
Yes. we all know that the Tax Reform Act of 1986 is the most recent example of comprehensive tax reform. And yes, it compressed 14 tax brackets into two (15%, 28%) with a third that has been called the phantom…
What We Don’t Know About Taxes
Asked about tax policy, most of us know little about who pays the most, how rates have changed, and which tax legislation was the best.