Reagonomics at 25

Twenty-five years ago, Ronald Reagan signed the economic Recovery Tax Act, slashing income tax rates by 25% across the board. The top tax rate in the US in 1980 was an astonishing 70%. Dividends were taxed at 70% and capital gains at 50%. I doubt anyone under 50 remembers that US tax policy used to be virtually confiscatory. Whatever politics you practice, I doubt you would want to pay Uncle Sam more than two-thirds of your gross pay. Keep that in mind next time you visit the polls. Make sure you know the fiscal policies that your potential Congressman or Congresswoman supports.