Toddsterpatriot
Diamond Member
You are totally FOS. Unbelievable. Send up a flare when you have something.Weird how you choose to ignore his tax increases on the workers didn't just happen between 1982-1988 Bubs? lol
AND you leave out both sides of the tax increases?? AND THE FACT HE DOUBLED IT ON THE SELF EMPLOYED? ALMOST LIKE YOU ARE TRYING TO LIE, AGAIN BUBS??
Tax Cuts. One of the few areas where Reaganomists claim success without embarrassment is taxation. Didn't the Reagan administration, after all, slash income taxes in 1981, and provide both tax cuts and "fairness" in its highly touted tax reform law of 1986? Hasn't Ronald Reagan, in the teeth of opposition, heroically held the line against all tax increases?
The answer, unfortunately, is no. In the first place, the famous "tax cut" of 1981 did not cut taxes at all. It's true that tax rates for higher-income brackets were cut; but for the average person, taxes rose, rather than declined.
The reason is that, on the whole, the cut in income tax rates was more than offset by two forms of tax increase. One was "bracket creep," a term for inflation quietly but effectively raising one into higher tax brackets, so that you pay more and proportionately higher taxes even though the tax rate schedule has officially remained the same. The second source of higher taxes was Social Security taxation, which kept increasing, and which helped taxes go up overall. Not only that, but soon thereafter; when the Social Security System was generally perceived as on the brink of bankruptcy, President Reagan brought in Alan Greenspan, a leading Reaganomist and now Chairman of the Federal Reserve, to save Social Security as head of a bipartisan commission. The "saving," of course, meant still higher Social Security taxes then and forevermore.
Since the tax cut of 1981 that was not really a cut, furthermore, taxes have gone up every single year since, with the approval of the Reagan administration. But to save the president's rhetorical sensibilities, they weren't called tax increases. Instead, ingenious labels were attached to them; raising of "fees," "plugging loopholes" (and surely everyone wants loopholes plugged), "tightening IRS enforcement," and even revenue enhancements." I am sure that all good Reaganomists slept soundly at night knowing that even though government revenue was being "enhanced," the president had held the line against tax increases.
The Myths of Reaganomics
Weird how you choose to ignore his tax increases on the workers didn't just happen between 1982-1988 Bubs? lol
Why would we discuss hikes that occurred before Reagan?
AND you leave out both sides of the tax increases??
We were talking about the impact on workers, not corporations.
but for the average person, taxes rose, rather than declined.
LOL! Because the SS hike of 0.95% was so much bigger than the bracket reductions to 15% and 28%.
One was "bracket creep,"
Reagan indexed the brackets for inflation. After reducing inflation from double digits down to 4%.
Go fuk yourself Bubs, Congrats the second guy EVER to make my ignore list. Another poster was correct about you, like a second grader, FACTS, HISTORY AND TRUTH DON'T MATTER TO YOU!
When you finally decide to post "FACTS, HISTORY AND TRUTH" please take out a full page ad in the NY Times so I don't miss the strange occurance and your need to ignore Toddster is clearly a function of having been beaten at your own disingenuous game.
As always, LOONY LEFTISTS ARE THE WHINIEST, SNIVELING CREATURES ON THE PLANET!
I beat him like a rented mule.
He needs to get his ADHD treated.
Reagan's Social Security reform boosted rates less than 1%. Whiney bitch, I mean whiney dad, claimed he raised them 3%. He had other huge errors in his rants, but that's one simple enough for you to understand.