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What were the federal income taxes like when Reagan took office? what were they when Obama took office?

specifically I am asking about the top marginal federal income tax rate paid by the highest income earners. For example lets say for someone who was making $900,000 a year when Reagan took office vs someone making the same when Obama took office. What would the top marginal rate be for each? thank you. I just need to know the two numbers please. Just the facts. that is all!

Public Comments

  1. In 1980 the top marginal rate was 70%. After the Reagan tax cuts... the top marginal rate was 50%. When Obama took office the top marginal tax rate was 35% .....To return to a top marginal rate of 39.6%.... where it was when Bush took office.
  2. 1981 70% 2009 35%
  3. The first 2 answers are correct. That is amazing. Back then all those AIG bonuses into the millions would have simply gone to uncle sam. In fact back we also ran a lot less cumulative budget deficits too. Back then our country was different. We did things more logically and in a way that made common sense. These days everything is a shell game. Things that dont make sense are sold to us citizens as being good but they are just way too complicated for our little common minds to understand. the relation between large deficits and the lower taxes is one and the relation between goods in our stores being from china and americans not working is another. In both instances we are told, that on the surface instinctively yes it seems wrong suicidal, but to trust the ones in their ivory tower cause they know what is best for us.
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