What tax loopholes were closed by Reagan's tax reduction bills of 1981 and 1986?

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  • ?
    Lv 7
    6 years ago
    Favorite Answer

    Changes (which weren't loopholes) included taxing up to 85% of social security benefits, getting rid of income averaging and changing how depreciation was calculated.

  • 6 years ago

    Define loophole. Some benefits were eliminated and others started.

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