Quote Originally Posted by Rucker61 View Post
Which Reaganesque rates? The 50% maximum marginal rate with 20% capital gains tax of his first trem or the 28% maximum marginal rate with maximum of 28% capital gains tax that ended his second term? I can't see any rich people wanting to return to those rates, especially with no loopholes/exceptions.
Then you need to open your eyes and ears. Of course, people talk about "Bush tax cuts" these days but the so-called Bush tax cuts were a return to the Reagan tax rates by eliminating the Clinton tax rate hikes. Lots of commentators in the WSJ, Fox Business News, even CNBC who think the country would be better off by returning to lower marginal rates because they spur productivity and the federal government actually collects higher revenues with the lower marginal rates.

Rates != revenues and what matters to the budget deficit are revenues but what matters to Marxists and the politics of envy are rates. God forbid anyone bring up the fact that Ted Kennedy paid about $1000 in income tax annually because he "donated" all his income to the "non-profit" Kennedy foundation. Punitive tax RATES are an article of faith for the Left regardless of how counterproductive they are.