Life After Tax Reform
I am often reminded of my summer after law school as I prepared for my Ll.M. program at NYU. Congress passed a sweeping “tax reform,” the much heralded Tax Reform Act of 1986. I questioned my decision to take on another year of school and expense. Fortunately, shortly thereafter the NYU graduate tax program sent incoming students a letter making the case that tax reform is not synonymous with tax simplification. They were certainly correct.
Lynn E. Fowler