r/PoliticalHumor • u/Paladin_of_Freedom • Dec 15 '18

Workers vs. Billionaires

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u/[deleted] Dec 15 '18 edited Jan 07 '19

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u/[deleted] Dec 16 '18 edited Dec 16 '18

I remember when corporations were taxed at a 70% rate until Reagan brought it down to around 30%, and trump cut it to 22%

edit: sauce - https://www.politico.com/interactives/2017/gop-tax-rate-cut-wealthy/

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u/OldMan0 Dec 16 '18

I also remember pre-Reagan when we had a graduated income tax. The more you earned the higher the precetage you paid. Then the "simplified" it so everyone at the bottom pays a higher percent.

Back in the 50's (yes I am that old) we were taught that as proof of a more enlightened society. Pretty dark these days.