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Revision as of 12:46, 25 July 2026
After all the festivities, laughter, and gift giving for this holidays, giggles and grins quickly meld into groans and glowers as Tax Preparation Season rears its ugly face. From January 15th until April 15th, Americans fuss and fume about our rising income taxes. Nevertheless, in an odd sort of way, some must use the gloom since they will file for an extension, prolonging the agony of the inevitable.
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The Tax Reform Act of 1986 reduced suggestions rate to 28%, at the same time raising the bottom rate from 11% to 15% (in fact 15% and 28% became discharge two tax brackets).
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