what a joke this ? is. where's your links to compare? do you people just go around printing crap for the sake of irritating people?, or is it you really don't know what you're saying?
-During Reagan’s presidency he decreased the tax rate of the
richest quintile from 70% in 1981 to 31% in 1988 (Joint
Economic Committee, 1990)
-In 1981, the beginning of Reagan’s presidency, the top 5% of
wage earners paid 35% of federal income taxes, while the bottom
50% paid 8%. By 1988, the end of Reagan’s presidency, the top
5% paid 46% of the federal taxes, while the bottom 50% paid 6%
(Joint Economic Committee, 1990)
-Inflation went down during Reagan’s time in office. In 1980 the
CPI (Consumer Price Index) was 13.5, and in 1984 it dropped to
4.3, and eventually to 4.1 by 1988. (Economic Report of the
President, January, 1993)
-Middle class families earning between $20,000-$50,000/year had
a 28% growth in net worth during Reagan’s time in office
(National Review, April 18, 1994)
-The government brought in increased amounts of tax revenue from
the highest economic quintile during the Reagan Years (55.7
bill. In 1980, 55.9 in 1985, 58.1 in 1989), while the lowest
quintile (2.0, 1.9, 1.6) and the middle quintile (13.4, 13.1,
12.6) both gave increasingly less during those same years
(Congressional Budget Office)
(so what has your bone head obama done for the American worker lately?...increased his tax burden exponentially.
BTW, obama, WHERE'S THE JOBS YOU PROMISED?????
next time you might want to google your info. instead of posting crap.
google "ronald reagan unemployment"
· 1 decade ago