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What it shows is how ridiculously high the pre-Reagan era federal income tax rates were - even on a fairly modest net income.

Thanks President Reagan.


16 posted on 05/20/2016 6:14:40 PM PDT by FirstFlaBn
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To: FirstFlaBn

You got that right. I found an old return from 1978. I made $27k and my total state and federal tax was $14k


42 posted on 05/20/2016 6:41:17 PM PDT by CA_soon_gone
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