Reply #8: My response

[Muzzle Tough]

Thanks for your comments.

While Reagan cut income tax rates, he also increased the Social Security tax rate.

No one really knows what tax rate yields maximum tax revenue. Obviously, you get zero tax revenue if all income is taxed at 0%. And you also get zero tax revenue if all income is taxed at 100%. So the tax rate that yields maximum tax revenue must be somewhere in between the two.

Clinton showed that increasing the top tax rate to 39.6% doesn't wreck the economy. I think a top tax rate in that area seemed to work pretty well.