Individual Income Tax Rates, 1986 - IRS tax forms
the standard deduction (or "zero bracket amount"), and personal exemption amounts were indexed to offset inflation as measured by the Consumer Price Index (CPI) [1,2]. The Tax Reform Act of 1986, which took effect in 1987, replaced ERTA by establishing new tax rates for 1987 and 1988, and indexing for succeeding years. ................
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