In the wake of the Tax Reform Act of 1986, tax rates went up again with far more deductions to make it easy for affluent citizens to keep their rates low.

Name: In the wake of the Tax Reform Act of 1986, tax rates went up again with far more deductions to make it easy for affluent citizens to keep their rates low.
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The Tax Reform Act of 1986 actually lowered tax rates and eliminated many deductions, aiming to simplify the tax code and broaden the tax base.

In the Wake of the Tax Reform Act of 1986