15 Things That Remind You How Long It's Been Since The Last Major Tax Reform

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Washington, April 16, 2015 | comments

15 Things That Remind You How Long It's Been 
Since The Last Major Tax Reform

The tax code hasn't been overhauled since 1986 under President Ronald Reagan. ​That was nearly 30 years ago!
A lot has changed since then. See for yourself with these 1986 throwbacks.

1. The Legend of Zelda​ was released by Nintendo.

The ​Halo​ of its generation.

2. Ferris Bueller took the day off.

Hooky at its finest.

​3. The Chicago Bears won the Super Bowl.

"They calllllll him 'The Fridge'"

4. Robert Palmer topped the charts with 
    Addicted to Love

And vinyl backdrops with clouds were really cool.

5. Pee Wee's Playhouse​ premiered.

Gone, but never, ever, ever, forgotten.

​6. Mike Tyson won his first-ever boxing title.

More than ten years before he demonstrated his ear biting technique!

7. Lady Gaga was born.

​No words.

8. Top Gun ​was the highest grossing film of the year.

"Sorry, Goose, but it's time to buzz a tower."

9. ​Fujifilm released the first disposable camera.

A classic staple for any fanny pack.

10. Richard Simmons released an aerobic
      film for senior citizens.

"Now shake it out again! GOOD!"

11. McDonald's advertising took a slightly
      different angle.

Because what purple blob with eyebrows doesn't appeal to consumers?

12. Tang was consumed by the gallons.

Oh, how we miss this sweet, sweet nectar.

13. High fashion looked like this.

Shoulder pads and denim and leg warmers - oh my!

14. Cool Ranch Doritos made their debut.

A total game changer!

15. Minority Leader Harry Reid was elected to his
      first term in the U.S. Senate.

Guys, this was a really, really, really, really long time ago.

As you can see, time has gotten away from us. Reminiscing about these 1986 highlights can be fun,
but operating with a tax code of that era is unfair to businesses and individuals, alike. And because
85 percent of small businesses file and pay taxes as individuals, any conversation about tax reform
must not leave Main Street behind. ​The time for comprehensive tax reform is long overdue.
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