The tax reform laws of 1981 and 1986 were significant because they

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The tax reform laws of 1981 and 1986 significantly reduced the progressiveness of the federal income tax. This means that individuals with higher incomes saw a reduction in their tax burden, which made the overall system less progressive. The 1981 legislation lowered individual tax rates and increased the standard deduction, while the 1986 reform simplified the tax code and eliminated some deductions, resulting in a flatter tax structure.

The Tax Reform Laws of 1981 and 1986 Were Significant