uscitizen
Villified User
Depends on who you were Damo as to whether you got a tax cut or not.
"During Reagan's tenure, income tax rates were lowered significantly, with the top personal tax bracket dropping from 70% to 28% in 7 years,[9] but payroll taxes increased during Reagan's terms as well as the effective tax rates on the lower two income quintiles."
[ame="http://en.wikipedia.org/wiki/Reaganomics"]http://en.wikipedia.org/wiki/Reaganomics[/ame]
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Just the first thing that came up from my search under "Reagen tax cut" search input..
"During Reagan's tenure, income tax rates were lowered significantly, with the top personal tax bracket dropping from 70% to 28% in 7 years,[9] but payroll taxes increased during Reagan's terms as well as the effective tax rates on the lower two income quintiles."
[ame="http://en.wikipedia.org/wiki/Reaganomics"]http://en.wikipedia.org/wiki/Reaganomics[/ame]
'
Just the first thing that came up from my search under "Reagen tax cut" search input..