Tapati (tapati) wrote,
Tapati
tapati

Reagan Taxed the Rich More Than Obama

Through most of the Reagan presidency, the upper tax bracket was 50% and the income level that % started at was in the 100K range. In the 1950s the highest tax bracket paid 91-2% Today that upper bracket starts in the upper 300Ks and is 35%. President Obama only wants to increase it back to Clinton level of 39%. I guess the Tea Party was a little late in getting started, huh?

For a history of the highest and lowest tax brackets and percentages for each year we've had income tax in the U.S., please check out:

http://ntu.org/tax-basics/history-of-federal-individual-1.html
Tags: finance, politics, taxes
Subscribe

  • Post a new comment

    Error

    switch
    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
    Help
  • 0 comments