AI
Tuesday, September 27, 2011 10:45:24 AM
Reagan era or even better, Nixon's tax rates would be acceptable... back when the economy was stronger...
Remember the, "It's the Economy, Stupid..." during Bush #1's rerun...look at the tax rate dip then that precipitated that 1st mess before Clinton facilitated the recoverys in the '90s.
Tax Comparison: Obama vs Reagan, Nixon, Eisenhower
March 13, 2009 03:33 PM EDT
The media has been obsessing about President Obama's plan to roll back the Bush tax cuts for the wealthiest Americans—from 35% to 39.6%.
But I was surprised to learn that the tax rate the wealthiest Americans paid on the top portion of their earnings at the end of Ronald Reagan's first term was much higher -- 50%.
Under Richard Nixon it was 70%, and under Dwight Eisenhower it was actually 91%.
Remember the, "It's the Economy, Stupid..." during Bush #1's rerun...look at the tax rate dip then that precipitated that 1st mess before Clinton facilitated the recoverys in the '90s.
Tax Comparison: Obama vs Reagan, Nixon, Eisenhower
March 13, 2009 03:33 PM EDT
The media has been obsessing about President Obama's plan to roll back the Bush tax cuts for the wealthiest Americans—from 35% to 39.6%.
But I was surprised to learn that the tax rate the wealthiest Americans paid on the top portion of their earnings at the end of Ronald Reagan's first term was much higher -- 50%.
Under Richard Nixon it was 70%, and under Dwight Eisenhower it was actually 91%.
When the going gets weird, the Weird turn Pro...
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