The point Replacement is that argument of yours,once again is what liberals have been hanging on to and losing EVERY DAMN TIME !Just because you live in libtard land does excuse your inability to deal with REAL facts.
Once more so you can try and understand it although I doubt it will get through !
Ronald Reagan may have presided over the most significant tax reform effort in our nation’s history, yet historical revisionists are attempting to besmirch that legacy — while using him as a straw man against modern Republicans.
Saying Ronald Reagan raised taxes is like saying Michael Jordan was a guy who struck out a lot — or that he was a failed baseball player: It’s factually correct, but misleading, nonetheless.
Over the course of his two terms in office, Reagan presided over several changes to the tax code. What is important to remember — what is vital to understand — is that not all taxes are created equal.
Again, it’s important to put things in context. When inaugurated, Reagan inherited a nation with 16 tax brackets — ranging from marginal rates of 14 percent to 70 percent. By 1989, that was down to two brackets — with marginal rates of 15 percent and 28 percent. (Those rates — and brackets — were short lived. By the time Clinton left office, the top marginal rate was back up to 39.6 percent. But you can’t blame Reagan for tax increases that came after his tenure. That’d be like President Obama blaming George W. Bush for tax cuts passed in 2011…)
When Democrats or media embrace Reagan for “raising taxes X number of times,” they are usually engaging in willful obfuscation. This is because they know that when most people hear the words, “tax hike,” they naturally assume you mean raising income taxes. But tax rates (both nominal and effective) dropped dramatically across-the-board during Reagan’s tenure.
Not only did the top individual income tax rate go from 70 to 28 percent! — but the tax code was also indexed for inflation (this is a big deal, because inflation had heretofore pushed people into higher tax brackets — a double whammy.)
