In the 1950's, the wealthiest Americans were subject to an 80% Income Tax.
Ronald Reagan and congress decreased income taxes for the wealthiest Americans, while increasing income taxes for everyone else.
Since 1986, Credit Card interest is no longer tax deductable. Medical expenses must exceed 7.5% of your Adjusted Gross Income. Other expenses must exceed 2% of your Adjusted Gross Income.
This tax law harmed the average American, while benefitting the wealthy.
Role back tax rates to pre-1986 levels.



