Auerbach, Alan J.; Slemrod, Joel - In: Journal of Economic Literature 35 (1997) 2, pp. 589-632
The Tax Reform Act of 1986 constituted the most sweeping postwar change in the U.S. federal income tax. This paper considers what the Act accomplished and its implications for future tax policy. After a review of the Act itself, and why it happened, we consider the evidence of the Act's impact...