The Taxation of Income from Capital in the United States, 1980-86
49 Pages Posted: 27 Apr 2000 Last revised: 17 Jan 2002
Date Written: December 1987
Tax rules have changed almost yearly in the United States since 1980. In particular, the Economic Recovery Tax Act of 1981 reduced marginal tax rates and shortened depreciation lifetimes, while the Tax Reform Act of 1986 reduced marginal tax rates, repealed the investment tax credit, and lengthened depreciation lifetimes.
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