Siete
Platinum Member
- May 19, 2014
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Reagan was known for his tax policy so lets review ...
After Regans famous tax cut of 81 He raised taxes (including payroll taxes) 11 times in the following years 1982 - 1988 . His recession lasted from July 1981 to November 1982 Pressured to counteract the increased deficit caused by therecession, Reagan agreed to a corporate tax increase in 1982.
Reagan’s staff tallied up the effect of major legislation on tax receipts over his tenure for his final budget proposal - The 1981 tax cuts comprised most of the total $275 billion in tax relief, but the other side of the ledger listed $133 billion in cumulative tax increases. "Thus, Reagan took back about half the 1981 tax cut with subsequent tax increases,"
followed by
"RED MY LIPS" Bush who raised taxes
and
Bill Clinton who also raised taxes.
"HAYUK HAYUK" Boosh 43 CUT taxes - erased a surplus and put the country in a DEEP RECESSION.
Obama made some of 43's tax cuts permanent, allowing others reboot and start to generate revenue - lowering the budget deficit $1 Trillion dollars.
ergo;
if you dont like paying tax dont bitch about deficits and debt.
the jury is still out on Shitforhair ... tax policy on napkins dont usually work out .. soooooooooooooooo ?
After Regans famous tax cut of 81 He raised taxes (including payroll taxes) 11 times in the following years 1982 - 1988 . His recession lasted from July 1981 to November 1982 Pressured to counteract the increased deficit caused by therecession, Reagan agreed to a corporate tax increase in 1982.
Reagan’s staff tallied up the effect of major legislation on tax receipts over his tenure for his final budget proposal - The 1981 tax cuts comprised most of the total $275 billion in tax relief, but the other side of the ledger listed $133 billion in cumulative tax increases. "Thus, Reagan took back about half the 1981 tax cut with subsequent tax increases,"
followed by
"RED MY LIPS" Bush who raised taxes
and
Bill Clinton who also raised taxes.
"HAYUK HAYUK" Boosh 43 CUT taxes - erased a surplus and put the country in a DEEP RECESSION.
Obama made some of 43's tax cuts permanent, allowing others reboot and start to generate revenue - lowering the budget deficit $1 Trillion dollars.
ergo;
if you dont like paying tax dont bitch about deficits and debt.
the jury is still out on Shitforhair ... tax policy on napkins dont usually work out .. soooooooooooooooo ?
