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View Diary: Take a Hard Line: We Should be Rolling Back the REAGAN Tax Cuts for the Rich, Not Just Bush (54 comments)

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  •  The 1986 Act INCREASED the effective rate (3+ / 0-)
    Recommended by:
    jessical, Roger Fox, J M F

    of many taxpayers by implementing limits on such deductions as 1) mortgage interest, 2) itemized deductions in total, and 3) passive losses.
      You can still argue that the top tax rates were lower than they should have been, but to only look at tax rates, without the corresponding changes to the taxable income, distorts the facts and lessens the argument.

    My Karma just ran over your Dogma

    by FoundingFatherDAR on Thu Nov 15, 2012 at 10:41:17 AM PST

    •  Except I did look at the deductions and loopholes. (1+ / 0-)
      Recommended by:
      jessical

      Read the damn diary.

      "They fear this man. They know he will see farther than they, and he will bind them with ancient logics." -The stoner guy in The Cabin in the Woods

      by Troubadour on Thu Nov 15, 2012 at 10:54:14 AM PST

      [ Parent ]

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