Reagan Slams Low Taxes for Wealthy; He Raised Taxes 11 Times

During a speech in 1985, President Ronald Reagan said that a man who made a six figure income wanted to testify before congress to explain why he thought "paying a smaller tax" than his secretary was wrong. in 2011, President Barack Obama made the same argument about Warren Buffett's secretary.

"Just a few moments ago, I told some people inside the building here of a letter that I just received the day before yesterday. It's a letter from a man out here in the country, an executive who's earning in six figures -- well above $100,000 a year. He wrote me in support of the tax plan because he said, ``I am legally able to take advantage of the present tax code -- nothing dishonest, doing what the law prescribes -- and wind up paying a smaller salary than my secretary gets -- or I mean, paying a smaller -- I'm sorry, paying a smaller tax than my secretary pays.'' And he wrote me the letter to tell me he'd like to come to Washington and testify before Congress as to how that's possible for him to do and why it is wrong."

The same year, 1985, President Reagan delivered another speech further expounding on the effects of loopholes that allowed the wealthy to pay little to no taxes.

President Reagan:
"We're going to close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary, and that's crazy. It's time we stopped it."

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[TheClopper12]

Speaking loudly doesn't make you right, you just sound stupid (how appropriate). Yes, could get around taxes during Reagan. Today, the vast majority of the top 2% pay around 50% of their wealth straight to the government. They make 50 cents to the dollar and they are the job creators. How many jobs have you created Neal?

Plus what you are comparing are different things, another blatant mistake. You are comparing this rich executive's tax amount vs. the bus driver with Buffet's tax % vs, sec.

[trademestuff]

Reagan was a socialist haven't you heard?

[Joseph Fazio]

rise the pay grade. all so Clit-on could say he fixed things. well he didn't fix shit... he just didn't spend the money and held on to it. that's not profit that's skimping. like going a few extra miles with bald tires under inflated and not changing the oil for 10,000 miles instead of changing it at 3000. you need to go back and check your fucking facts again before running that trap again. HA Treason....clit-on should be hung for what he did. instead your on your knees sucking his smelly cock

[Joseph Fazio]

curbed to a lower degree. Oh BTW Clit-on let bin laddy go and that whole even economy an balanced budget and surplus crap he says he did well. He slashed spending so much it crippled CIA, and created the conditions for those fucking Muzzys to kill our people but you think that was Bush's fault. and all those jobs he created? he asked Wayne Huizenga to open a shit load of Home Depots and give the jobs away. Yaay 3,000,000 8.00 an hour jobs with no Overtime fringe benefits and no ability to

[Joseph Fazio]

Outsourcing well check your fucking facts again ass-clown that was a Clit-on policy called NAFTA the North American Free Trade Agreement. and what can you say about illegal aliens you fucking illegal alien? you ain't gonna pick fruit and veggies cause you refuse work and pay like that so whoever wants to do that fuck it let em do the work and pay them for it. this nation like to punish people who work because for every ten workers you get 3 lazy fucks sucking off benifits and it needs to be

[Joseph Fazio]

like that and it serves them right being fired. what happens when you don't show up for work huh? your fired just like I. hell id choke the fucker who didn't show up to work making me miss my time with the family at the holidays but that doesn't mean shit to a guy like you who is SOOOO RADICAL AND INFORMED. I ate well as a kid in school so no complaints there AND i had chocolate milk which MS President enjoys telling other what they can and cant do the power hungry cunt. and the outsourcing

[Joseph Fazio]

noone ever said being the prez was easy. if giving iran weapons to fight the soviets was the lesser of evils then i'd hate to see what the other options were. National Debt thing. the budget was balanced after he left. We created Bil Laddy because we lied to those folks who desperately needed our help. go watch Charlie Wilson's war for that one. and the firing was needed because those spoiled brats held the country hostage while disregarding proper business procedures to deal with things like--

[Joseph Fazio]

boy youtube fix your fucking apps. none of my replies went through and i ain't fucking re-typing them

[Emery Kennedy]

the BOTTOM LINE is he raised taxes more times then ANY president in united States HISTORY!..he cut taxes massively once and he cut middleclass wages along with them. he TRIPPLED our deficet and middleclass wages stayed stagnant while the top 1% saw a 180% INCREASE in their salaries...he destroyed our middleclass

[Emery Kennedy]

Ronald Reagan doubled the National Debt, Iran-Contra, created Osama Bin Laden, fired the air traffic controllers, declared ketchup a vegetable for the children's lunch program, started the outsourcing of American jobs to Mexico, gave millions of illegal aliens amnesty, etc.