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

To: combjelly who wrote (511451)9/9/2009 12:14:39 PM
From: HPilot  Read Replies (1) | Respond to of 1578238
 
Why don't you Google it? You'll find a total of 3 tax hikes during the Reagan administration.

On what booze?

In 1980 the top tax rate was 70%, in 1983 it went down to 50%, in 1987 it went down again to 38.5%, and yet again in 1988 to just 28%. This was the main reason for the boom in the late 80's and 90's. Look for yourself FOOL!

taxfoundation.org



To: combjelly who wrote (511451)9/9/2009 12:43:11 PM
From: i-node  Read Replies (1) | Respond to of 1578238
 
Why don't you Google it? You'll find a total of 3 tax hikes during the Reagan administration.

Once again, there were tax hikes but they were small compared to the cuts.

We saw tax rates cut by more than half during his two terms.

As usually happens, however, after such tax rate reductions, tax revenues SOARED.


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