Dissecting leftist myths>>>

from Commonsense & Wonder by jerry

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The Heritage Foundation has been arguing these facts for years. Consider what happened each time the U.S. reduced the tax rate significantly: 

1920s: The top tax rate fell from 73 percent to 25 percent, yet the rich (in those days, those earning $50,000 and up) went from paying 44.2 percent of the tax burden in 1921 to paying more than 78 percent in 1928.

1960s: President John F. Kennedy slashed the top tax rate from 91 percent to 70 percent. In the ensuing three years, those making more than $50,000 annually saw their tax payments rise by 57 percent, and their share of the tax burden climbed from 11.6 percent to 15.1 percent. 

1980s: The Reagan years saw the top rate fall from 70 percent in 1980 to 28 percent in 1988. What happened to the rich? The top 1 percent went from shouldering 17.6 percent of the income tax burden in 1981 to paying 27.5 percent of the total in 1988. The top 10 percent saw their share of the burden climb from 48 percent in 1981 to over 57 percent in 1988.

Additionally, more tax revenue went back to the federal government each time the taxes were lowered. So does it really make it sense to strip the upper income earners of their keep? Liberals have yet to answer how that ever improves the lives of the middle class or lower income earners in the long run.