Kevin Bachler
kevbachler.bsky.social
Kevin Bachler
@kevbachler.bsky.social
Logic, Reason, Facts.
Reagan did not cut taxes for the rich in half. The first national debt was created by George Washington.

You don't know facts.

As you can see, effective tax rates did not fall by 50% under Reagan. This is because while there was a rate cut, there was also a cut of tax deductions. This resulted in
December 2, 2024 at 8:49 AM
For example, the top 1% pay 45% of all federal income taxes paid, and at the highest tax rates, while the bottom 50% pay 3% of all federal income taxes paid.

When one takes this into account, which the article you quote does not, one will find that the middle class benefited more.
November 24, 2024 at 2:15 PM