|
Re: Jesse Ventura, American Badass
Alright, I don't appreciate you calling me names. I won't call you names, and I'd like the same respect I would give you. Here's a few reasons Reagan was great:
-Tax rates were lowered from a top of 70% of income when Reagan entered office, compared to 38.5% when he left office. However, tax revenues did not decrease; they increased significantly. Hauser's law states that tax revenue is always 19.5% of GDP, regardless of the top income tax bracket. After the tax cuts, real tax revenue was at a high of $1154.1 billion in 1988, compared to $956.0 billion in 1980 when Carter was in office.
-Real GDP increased by 24.7% from 1982 to 1987, compared to 19.7% from 1975 to 1980.
More later.
|