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A Starting Point for Tax Reform: What Reagan Did
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The Treasury Department Report to U.S. president Reagan in Nov. 1984 offers an approach based on fairness that has great relevance to today's effort at tax reform. This approach resulted in the the Tax Reform Act of 1986. Similiar families with the same income were expected to pay the same amount in taxes in the interests of fairness. The tax revenues were set without any loopholes or exemptions, and the question was asked how much does marginal rates of everyone have to go up so that a particular group gets its exemption or loophole supported by its lobbyist?
U.S. tax reforms in 2013-2014 and how the approach of Reagan and the Treasury Department in 1984 can provide a basis for action
07/21/2011
Floyd Norris outlines the approach taken by Reagan and the Treasury Department in its report in 1984, which basically started out without any exemptions and loopholes, and then asked the question how much marginal rates have to go up to justify a particular exemption or loophole supported by a lobbying group. Two similar families with the same income were to be treated in the same way regardless of the source or use of their income, so that one did not end up having to pay more in tax than the other.
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A Starting Point for Tax Reform: What Reagan Did
New York Times 11/22/2012
New York Times 11/29/2012
Most Americans Face Lower Tax Burden Than in the 80s
New York Times 11/29/2012
The Reagan tax reforms of 1986 and U.S. tax reforms in 2013
11/22/2012
Contrasting views on how the Reagan tax reforms of 1986 and the approach used can help come up with a good plan in 2013.
Linked Articles
New York Times 11/29/2012
A Starting Point for Tax Reform: What Reagan Did
New York Times 11/22/2012
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