The reason revenues went up after the Reagan tax cut is because payroll taxes were raised. I know that FOR A FACT. It was 23 years ago this month, I was working 35 hours a week at minimum wage ($3.35/hr). I remember receiving my first full paycheck for 1985 (we got paid every two weeks) and it was $20.00 lower than I usually got. Of course I went to the manager to complain and she explained that because of the new tax laws they were withholding more. Don't even get me started on my tax "refund" because it was nothing but a sick joke and a waste of a good stamp.
So, in a nutshell, $10 was taken out of my pocket every week and given to someone with a HELL OF A LOT MORE than me. Redistribution of wealth from the poor to the rich. (sick fucks)
I have no problem with the top rate going back up to 70%
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