Social Policy

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Definitions
Tax Reform Act of 1986
Tax Reform Act of 1986 Tax Legislation Income Tax Tax Incentives Revenue Collection Economic Policy Social Policy
The Tax Reform Act of 1986 (TRA 1986) represents the most comprehensive tax legislation since the onset of World War II. It aimed to ensure that individuals with equal incomes paid equal taxes, minimized the role of tax incentives in addressing social and economic issues, and primarily used taxes to generate revenues.
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Accounting Terms Lexicon

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