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Thursday, April 20, 2017

TAX TIME

1. Liberals want a progressive tax to protect the poor and conservatives want a flat tax to promote tickle down economics and to create a "simpler" tax system
2. if there are less tax brackets, there are larger amounts of money someone can have and still pay the same taxes as someone with significantly less money
3. 7
4. Reagan made only 2 tax brackets
5. Bush had 3 Clinton had 5
6. 34
7. 2
8. near the end of Eisenhower's presidency, it was 91% with over 2 million minimum
9. Carter Presidency had the lowest, fam, with 0.5 percent and 5,000 dollars max
10. Wilson m where it jumped from 26 brackets to 55

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