It wiped out 30 years of tax planning and screwed the economy.
What are you? A tax planner? Tax planners are government-mandated parasites.
All I know is I owed less in taxes, thanks to RR. And that's what counts!
Oh. And the economy grew. Much faster than today.
I hadn't paid taxes since 1976 with a 6 figure income every year and have to pay taxes every year since with an income under $50K in each of the years.
That tax increase stopped all residential construction and by 1992 those animals had moved into commercial with their illegal alien help and I was forced to close a 57 year old business.