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Forum Post: Reagan's tax rates..........................

Posted 3 years ago on Dec. 3, 2011, 12:09 p.m. EST by gregrnel (4)
This content is user submitted and not an official statement

Hey guys, just wanted to say Reagan's top 4 tax rates were 50%, 49%, 45%, and 42%! Look it up, it's true. The rich have become little spoiled bitches under Jr. Let's go back to the Reagan era tax rates! Revenue for all!

11 Comments

11 Comments


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[-] 3 points by HitGirl (2263) 3 years ago

The higher top marginal tax rate the better the economy. Absolutely true. That's why the Republicans are always spouting the opposite.

[-] 2 points by nucleus (3291) 3 years ago

Reagan lowered taxes on the rich and raised taxes 11 times. His massive deficit spending tripled the national debt - Bush II only doubled it.

The result of higher taxes and massive deficit spending (which at the time was largely spent within the US) was increased tax revenue. So-called conservatives point to the tax cuts on the ruch as the "cause" of increased tax revenue while utterly ignoring the tax increases and deficit spending. This has been their mantra for decades, and look at where it got us.

[-] 1 points by gregrnel (4) 3 years ago

Bump for Ronnie Reagan!

[-] 1 points by gregrnel (4) 3 years ago

C'mon this is the real issue, take hold and run with it! Tell those bastards what they'd pay under Reagan! This is ammo, ammo, ammo! Use it!

[-] 0 points by JohnMarsden (47) 3 years ago

Reagan is evil because all my left wing shows/blogs tell me so.

[-] 0 points by Censored (138) 3 years ago

But full of deductions and dodges. With tax reform 1986, the top rate fell to 28%. Look it up. Guess who was president.

[-] 0 points by gregrnel (4) 3 years ago

Kids, this is your golden nugget, rub these facts into these 1% faces. They love the Gipper and this is how the Gipper taxed the rich!

[-] -1 points by ProAntiState (43) 3 years ago

Ron Paul destroys the Reagan myth

http://www.youtube.com/watch?v=3bejkvS9Ol4

[-] 2 points by nucleus (3291) 3 years ago

RonPaul on the Issues:

Total free market capitalism.

Free market health care.

Repeal Roe v. Wade.

Eliminate capital gains and estate taxes.

Eliminate the EPA.

Repeal ban on assault weapons.

Undermine UN arms control efforts.

Go to his website and read it for yourself.

[-] 1 points by ProAntiState (43) 3 years ago

add

End the Fed

Allow competing currencies

End the Wars

Bring all troops home

Closes all overseas bases

End all foreign aid

End torture

Eliminate the income tax

End the War on Drugs

Pardon non-violent offenders

Abolish IRS, Dept of Edu, TSA, DHS, FEMA, EPA, FDA, USDA, DOE, DOL, Social Security, Medicare, Medicaid.

Get out of the UN, NATO, NAFTA, CAFTA, WTO, GATT, IMF, World Bank

Repeal the Patriot Act

No National ID card

[-] -1 points by FrogWithWings (1367) 3 years ago

Yeah yeah yeah, from the 1950's on up for a good while, the tax rates on wealthy were 90%! However, very few paid 10%, if anything, as marginal tax rates mean jack shit nothing if you know the ropes of the tax code.

Constitution, 'no man/persons shall be subject to laws of which it should not be expected a reasonable man/persons to understand.'

This is why our federal government was never to have attorneys and cpa holding public office or writing legislation, acts, treaties or laws of any sort.

When the Incorporated Government deceptively slid in place and effectively abolished our first form of governance, along with it's Constitution, that particular amendment was vaporized.

How else could we all be subject ot 158,000 pages of Universal Commercial Code, triple columns, front and back, of "laws" of which no judge remotely expects even legal professions to know all?

How else could our tax code be so complex and backwards that Corporations can literally pay staffs of CPA tax code experts, more actual money to file 50,000+ page tax returns, far removed from common sense, to eliminate, or often receive a tax credit, than it would actually cost just to pay their fair share?

Because those passing such laws clearly serve their own interests and proliferation. Not because it's fair or even remotely "reasonable".