Originally Posted by Snake Doctor

This is another one of those cases where supply siders only want to call income tax "tax" and not mention anything else.
So they can drone on about how the rich pay for such a large percentage of the total and the poor don't pay anything.

They never mention the payroll tax. Wanna know why?
Payroll tax is capped at about 100K. So a guy making 10MM a year pays payroll tax on 1% of his income while a guy making 50K pays payroll tax on 100% of his income.

Payroll taxes were raised significantly during the Reagan administration to cover the shortfall the program was experiencing at the time.

Funny how supply siders never mention payroll taxes when talking about who shoulders the tax burden....but they include payroll tax collections when telling you how revenues went up in the 80's after Reagan cut taxes.