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  Top Tax Rates Over Time   The Laffer and Armey Curves

Reagan’s Tax Cuts

 Posted by truthfulpolitics.com  Taxes
Oct 062010
 
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According to the Tax Foundation, in 1980, the richest 1% paid 19.05% of all federal income taxes, but by 1988, their share had increased to 27.58%. Therefore, Reagan’s tax cuts actually made the tax code more progressive.

To read the entire article, click on Summary of Latest Federal Individual Income Tax Data.

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  Top Tax Rates Over Time   The Laffer and Armey Curves

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