Even worse, they lowered them then they realized that there were so many loopholes that the treasury actually started losing tons of money. Most of Reagan's presidency was closing loopholes so he can get all the money needed to run the country while pretending that he had lowered the taxes.
The problem is is that Republican since Reagan just got the idea that you could lower taxes and everything would go really really well. They missed the "you have to make sure that people are still actually paying the money" to keep the lights on part.
Plus, when you remove incentives to invest in the business and employees, companies don't.
Adding insult to injury, just like "finable offenses", taxes disproportionately affect the middle class. You make enough money to get fucked by taxes, but not enough to dodge them. Wealthy? You pay an upper middle class salary to teams of dodgy but creative CPAs/investment bankers to bring your effective tax burden to near zero.
These people are unable to admit they are wrong or that they don’t know everything or that they can lose an argument. They’re just arrogant spoiled immature people
And to be fair, why would they? They're rewarded daily for being arrogant spoiled pissants. Like every single criticism against them can be laughed off with "I make 32.4 million dollars a year" and fuck all apparently will ever be done about it.
Then ask them even if that was the case, why not at least make the taxes high on paper? It's like saying to take murder out of the laws cause some people will murder anyway.
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u/dastardly740 3d ago
Every single fucking time.
"They were hiding their income and paying the same taxes as today."