Quote:
Originally Posted by finnbow
The top marginal individual income tax rate was not at record levels under Carter. The record was set in the '50's. It was over 90% from 1950-1963.
http://www.ntu.org/tax-basics/histor...ividual-1.html
Reagan stoked the economy by cutting taxes and increasing spending (i.e., stimulus spending, as it were). Somehow, when Obama did the same, it was somehow unconscionable to modern-day Reagan acolytes. |
I think you are confusing "nominal" and "marginal" tax rates.
http://taxfoundation.org/article/us-...usted-brackets