“Please list all of the “LOSERS” from the Reagan across the board TAX CUT!”
“Tax reform in 1986 had strong appeal to members of both parties. Republicans could point to the very high top tax rate of 50%. Democrats could point to a growing array of loopholes that mainly favored the rich. Top on that list was the ability to use losses from real estate and other “passive” income to offset salaries and other “active” income...
...Getting the ’86 bill through required trade-offs. The cuts in personal tax rates were partly paid for with increases in corporate taxes and several of the tax changes tended to discourage capital investment....”
http://www.zerohedge.com/news/2017-02-24/9-lessons-reagan-tax-cuts
The markets BOOMED ( that's investment, diddums ) after this tax cut was passed!
Whomever wrote this was probably not alive, or was a child back then and NOT on any floor of any exchange.
The vast majority of loopholes were cut out completely, in the '86 Tax Cut; there were NO added loopholes!
Today, the ObamaCare 3% tax on both the buyer and seller of a property is still in effect; poverty level, lower middle class, middle class and on up...doesn't matter, they ALL get hit.
And this TAX INCREASE for many, gives people who pay NO Fed taxes at all and corporations HUGE benefits! Is THAT not "bad" ?
How about the doing away with deductions for very high medical costs, taxing the payer of alimony but NOT the one who gets it? And there are many more such "hidden" tax increases, that would harm all kinds of Middle Class people, in this horrid proposition!
You're such a good little COMMIE/SOCIALIST,that you are incapable of seeing the forest for the trees!