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Reagan’s administration was able to achieve successes particularly in the reductions of marginal tax rates and inflation; more importantly, these changes were achieved at significantly lower costs than projected. The wealthy segment of the American society gave up 55% of what they earn to tax while Americans whose annual income falls below $20, 000 pays accordingly to their tax...
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The wealthy segment of the American society gave up 55% of what they earn to tax while Americans whose annual income falls below $20, 000 pays accordingly to their tax. One good thing about this policy is that this tax cuts did not enrich the wealthy at the expense of the poor which makes his policy more appealing...
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