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      10-24-2009, 03:51 PM   #13
lib
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Quote:
Originally Posted by Negotiator View Post
Taxes were higher under Reagan. End of discussion?
Quote:
Originally Posted by Negotiator View Post
Reagan:

0.0% $0 $3,670
...
50.0% $175,250 -
Now you're just being intellectually dishonest. They were higher when he first took office and were lowered significantly through several separate bills over the course of his presidency.

Here's a PDF of the tax brackets for every year from 1913 to 2009 (not adjusted for inflation):
http://www.taxfoundation.org/files/f...-200901021.pdf

They started out extremely low in 1913:
Code:
(All filers):
Marginal
Tax Rate     Range
1.0%      $      0 $ 20,000
2.0%      $ 20,000 $ 50,000
3.0%      $ 50,000 $ 75,000
4.0%      $ 75,000 $100,000
5.0%      $100,000 $250,000
6.0%      $250,000 $500,000
7.0%      $500,000 -
Remember, 20k was a LOT of money in 1913. The equivalent of ~ $436,300 in 2009.

When Regan took office in 1981 they had risen to:
Code:
($100 in 1981 == $237 in 2009)
(Single filers:)
Marginal
Tax Rate     Range
 0.0%     $      0 $  2,300
14.0%     $  2,300 $  3,400
16.0%     $  3,400 $  4,400
18.0%     $  4,400 $  6,500
19.0%     $  6,500 $  8,500
21.0%     $  8,500 $ 10,800
24.0%     $ 10,800 $ 12,900
26.0%     $ 12,900 $ 15,000
30.0%     $ 15,000 $ 18,200
34.0%     $ 18,200 $ 23,500
39.0%     $ 23,500 $ 28,800
44.0%     $ 28,800 $ 34,100
49.0%     $ 34,100 $ 41,500
55.0%     $ 41,500 $ 55,300
63.0%     $ 55,300 $ 81,800
68.0%     $ 81,800 $108,300
70.0%     $108,300 -
In 1988, at the end of Regan's second term, they had fallen to:
Code:
($100 in 1988 == $182 in 2009)
(Single filers:)
Marginal
Tax Rate     Range
 0.0%     $      0 $ 17,850
28.0%     $ 17,850 $ 43,150
33.0%     $ 43,150 $ 89,560
28.0%     $ 89,560 -
Here are the 2009 brackets:
Code:
(Single filers:)
Marginal
Tax Rate     Range
10.0%     $      0 $  8,350
15.0%     $  8,350 $ 33,950
25.0%     $ 33,950 $ 82,250
28.0%     $ 82,250 $171,550
33.0%     $171,550 $372,950
35.0%     $372,950 -

Last edited by lib; 10-24-2009 at 04:41 PM.
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