The Tax Preparation Blog

Question: Highest Taxes in US History Under Ronald Reagan?

From 1982-1986, Ronald Reagan presided over a top bracket income tax rate of 50%, the highest in US history. Today, the top bracket tax rate is 35%. Why do Republicans always fault Democrats as being socialists for wanting to raise top bracket income tax rates no more than 5.5-6% (to cover healthcare costs for example)? Why was it not socialism when the GOP saint Reagan was in office?

Answer: Reagan did not have a Republican controlled congress. You know that right? He did get them to lower taxes and it helped the economy grow.

Deans Knight Income Corporation Releases Interim Financial Statements and Management Report of Fund Performance for …

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 12, 2010) – Deans Knight Income Corporation (the “Company”) (TSX:DNC) is pleased to release its interim Financial Statements and Management Report of Fund Performance for the period ended June 30, 2010. T

Political Facts & Information : History of the US Income Tax

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