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      10-06-2009, 02:13 PM   #9
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Quote:
Originally Posted by Negotiator View Post
Reagan:

0.0% $0 $3,670
11.0% $3,670 $5,940
12.0% $5,940 $8,200
14.0% $8,200 $12,840
16.0% $12,840 $17,270
18.0% $17,270 $21,800
22.0% $21,800 $26,550
25.0% $26,550 $32,270
28.0% $32,270 $37,980
33.0% $37,980 $49,420
38.0% $49,420 $64,750
42.0% $64,750 $92,370
45.0% $92,370 $118,050
49.0% $118,050 $175,250
50.0% $175,250 -
President Ronald Reagan and Congress succeeded in reducing tax rates to this:

15.0% 0 29,750
28.0% 29,750 71,900
33.0% 71,900 149,250
28.0% 149,250

Prior to President Reagan, the tax rates were up to 70%.
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