FALLS CHURCH, VA — "The substantial reduction in marginal income tax rates compared with 1980 and indexing the tax brackets get the gold medal for tax policy in the last few decades," Michael Boskin, who chaired President George H.W. Bush's Council of Economic Advisors, writes in a new Tax Analysts e-book, Forty Years of Change, One Constant: Tax Analysts.
Boskin's comment came in response to the question that Tax Analysts, in marking its 40th anniversary as a nonprofit publisher, asked tax experts: "What is one of the most significant changes to tax administration, practice, or policy that you have seen in your professional career?"
Weighing in from his perch as a Brookings Institution senior fellow, Henry J. Aaron had a far different take on things: "My response, only half facetious, is tax preparation software."
Boskin and Aaron joined nearly 50 other tax practitioners, experts, ex-government officials, and Tax Analysts writers who provided their perspective on changes at the federal, state, and international levels for the e-book, which is posted on Tax Analysts' homepage at www.taxanalysts.com.
It's an entertaining read and it's free, so check it out.
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