Kasz216 on 11 November 2010
| ManusJustus said: During World War II, taxpayers with incomes over $1 million faced a top rate of 94 percent. Economc Act of 1981, Reagan brought the top tax bracket down to 50 percent. Tax Reform Act of 1986, Reagan brought the top statutory tax rate down from 50 percent to 28 percent. http://www.ustreas.gov/education/fact-sheets/taxes/ustax.shtml |
Right and?
The Top Tax Bracket right now is like... 35%. So you know. Your wrong.
If this is some arguement about the Reagan economy... it was actually one of the stronger economys of the last few decades with the only issue being the wasteful spending against communists.
Look at that big jump in real GDP between 1988-1990.
Higher then even anything Clinton go during the bubbles.
