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View Diary: Take a Hard Line: We Should be Rolling Back the REAGAN Tax Cuts for the Rich, Not Just Bush (54 comments)

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  •  Standing with you on that (2+ / 0-)
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    Troubadour, chmood

    Repeal the Reagan tax cuts.

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Thu Nov 15, 2012 at 12:27:19 PM PST

    [ Parent ]

    •  May we also please consider eliminating the (1+ / 0-)
      Recommended by:
      Troubadour

      Reagan tax increase on social security recipients. The rule he putin was that if a single person got a total of $25K or a couple got about $32K or a bit more, suddenly half of their SS payment was subject to ordinary income tax, and if the number went up about seven grand more, 85% of it became taxable. This might have made sense given the rates in 1984 and without considering intervening inflation, but now it is possible for someone with ONLY SS to become subject to income tax on their benefits, because the lid is nearly 24 grand on the first day, and creeps up wtih COLAs figured as percentages. ($2080 X 12 = 24960.)

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