DudleySmith
Diamond Member
- Dec 21, 2020
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overall Reagan vastly LOWERED tax rates
Actually he raised the nominal tax rates for those in the lower brackets by 38% between 1986 and 1989. He didn't
drastically lower them except on capital gains, copying Jimmy Carter's gains cuts, and then he raised other taxes, 8 of them, that fell on the lower income brackets heavier than on the top brackets.