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Old 02-12-2018, 06:59 PM
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whell whell is offline
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Quote:
Originally Posted by donquixote99 View Post
Yes he did. Net effect was lower taxes on the rich, paid for by the middle class and the working poor, who's FICA and Medicaid taxes increased sharply.
Uh, no.

http://www.politifact.com/virginia/s...-taxes-during/

Increases on Social Security and Medicare were largely on higher wage earners. However:

Some of the increases were modest in scope. And itís important to note that overall U.S. taxes, when measured as a portion of the nationís GDP, went down during Reaganís presidency.
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