Reagan entered office, cut taxes -- and the number of rich people and tax revenue collected both surged! Does this mean that all tax cuts pay for themselves? No, but plainly they provide an economic boost. Hmm, seems like the economy could use a shot in the arm right about now -- tax cuts anyone?
Update: Percentages:
Total people making over $200K: +520 percent
Income tax paid: +425 percent
Update: Percentages:
Total people making over $200K: +520 percent
Income tax paid: +425 percent
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