Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : 2000:The Make-or-Break Election -- Ignore unavailable to you. Want to Upgrade?

To: Shoot1st who wrote (85)	6/6/2000 1:52:00 AM
From: KLP	Read Replies (2) \| Respond to of 1013

Supply Side Tax Cuts and the Truth About the Reagan Economic Record.... This is a well documented and footnoted article, with good graphs to examine.... Also, includes in Figure 14, the percentage of Federal Income Taxes Paid by Income Group for 1981 and 1990.... Top 1% of Taxpayers in 1981 paid: 18% of the Total Income Tax Revenues Top 1% of Taxpayers in 1990 paid: 25% of the Total Income Tax Revenues Top 5% of Taxpayers in 1981 paid: 35% of the Total Income Tax Revenues Top 5% of Taxpayers in 1990 paid: 44% of the Total Income Tax Revenues Bottom 50% of Taxpayers in 1981 paid: 7% of the Total Income Tax Revenues Bottom 50% of Taxpayers in 1990 paid: 6% of the Total Income Tax Revenues I believe you will also find these same figures listed on the IRS charts.... Well worth the read.... KLP cato.org Supply Side Tax Cuts and the Truth About the Reagan Economic Record.... This study attempts to cut through the fog created by this partisan dialogue and spotlight the real economic record of the 1980s--sticking to "just the facts." All the figures provided in this study come from standard statistical sources: Bureau of the Census, the Economic Report of the President, and Historical Tables, Budget of the U.S. Government. To judge how well the economy performed under Reagan's policies, we compare the economic performance of the Reagan years (1981-89) with that of the immediate pre-Reagan years (1974-81) and the post-Reagan years (1989-95). In the last part of the study we provide some interpretation of these economic and fiscal data and sort out fact from fable regarding the 1980s. We also examine the implications of the economic data as they relate to the advisability of an income tax rate cut in 1997.