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  2. Tax Equity and Fiscal Responsibility Act of 1982 - Wikipedia

    en.wikipedia.org/wiki/Tax_Equity_and_Fiscal...

    As it shows, the TEFRA increased tax revenues by almost 1% (0.98%) of GDP, in marked contrast to the 1981 tax cuts and the milder effects of the other Reagan-era tax bills. The study makes note that these government revenue estimates do not take into account the effect of the bills on GDP, and therefore, are not inclusive of resulting increases ...

  3. Economic Recovery Tax Act of 1981 - Wikipedia

    en.wikipedia.org/wiki/Economic_Recovery_Tax_Act...

    Largely at the initiative of Senate Finance Committee chairman Robert Dole, most of the personal tax cuts were reversed in September 1982 by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) but, most significantly, not the indexing of individual income tax rates. When Reagan left office, the national debt had tripled to around $2.6 ...

  4. Reagan tax cuts - Wikipedia

    en.wikipedia.org/wiki/Reagan_tax_cuts

    The tax cuts popularized the now infamous phrase "trickle-down economics" as it was primarily used as a moniker by opponents of the bill in order to degrade supply-side economics, the driving principle used to promote the tax cuts. The first tax cut (Economic Recovery Tax Act of 1981) among other things, cut the highest personal income tax rate ...

  5. Trump Era Tax Cuts Are Set To Expire — Here’s How Much More ...

    www.aol.com/trump-era-tax-cuts-set-160750264.html

    Under the Tax Cuts and Jobs Act for the tax years beginning after December 31, 2017, and before January 1, 2026, the standard deduction was nearly doubled for all filing statuses. This led to ...

  6. With Trump’s tax cuts expiring, taxes could increase for most ...

    www.aol.com/finance/trump-tax-cuts-expiring...

    Significantly, it also cut the highest tax rate from 39.6% to 37% and applied to it those earning over $500,000 a year, rather than around $427,000 (and $600,000 for couples, up from around $480,000).

  7. Make These Moves Before Your Trump Tax Cuts Expire - AOL

    www.aol.com/moves-trump-tax-cuts-expire...

    The Tax Cuts and Jobs Act was a major overhaul of tax regulations that was signed into law by President Trump on December 22, 2017. It brought about a wide range of changes, including both ...

  8. Tax Reform Act of 1986 - Wikipedia

    en.wikipedia.org/wiki/Tax_Reform_Act_of_1986

    Offsetting these cuts, the act increased the alternative minimum tax and eliminated many tax deductions, including deductions for rental housing, individual retirement accounts, and depreciation. Although the tax reform was projected to be revenue-neutral, it was popularly referred to as the second round of Reagan tax cuts (following the ...

  9. How Tax Cuts and Jobs Act Renewal Would Affect Your Wallet - AOL

    www.aol.com/tax-cuts-jobs-act-renewal-160016549.html

    The Tax Cuts and Jobs Act (TCJA) of 2017, which was signed into law during President Donald Trump’s first term, lowered tax rates overall. While the current legislation is slated to expire at ...