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Note: Mcdougal is not CPA or tax professional. This article is for general information purposes, and might not be construed as tax good advice. Readers are strongly motivated to consult their tax professional regarding their personal tax situation.

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The Tax Reform Act of 1986 reduced the actual rate to 28%, at the same time raising backside rate from 11% to 15% (in fact 15% and 28% became release two tax brackets).

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