It’s real. Reagan lowered it down from the top rate of 90’s to 70 ish.
Kennedy brought it down to 70. Reagan went to 50, then 28.
That was JFK/LBJ. Reagan cut from 70 to 50, the 50 to 28 and reformed the tax code.
It’s real. Reagan lowered it down from the top rate of 90’s to 70 ish.
I want to correct myself. Reagan lowered it from 73% to 28%
The top rate was not 90% when Reagan got in office, and don’t forget while Reagan may have lowered tax rates he still raised taxes about 36 times in office.