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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (290210)	6/6/2006 7:51:48 PM
From: TimF	Read Replies (2) \| Respond to of 1571755

I didn't say the capital gains rate was 70%. I said tax rates where 70%. I mentioned both capital gains and income taxes, without clearly tying either of those to the 70% figure. The income tax rate was 70%. From your own link "1981 - The Economic Recovery Tax Act of 1981 (ERTA) passes. Otherwise known as Reagan's supply-side tax cuts. They included: An across-the-board reduction in individual income tax rates of approximately 23 percent, phased in over 33 months. A reduction in the maximum top rate from 70 percent to 50 percent, beginning in 1982." home.att.net