Can any tell me, or point me to a site, or whatever about how reaganomics divided people up into various tax brackets. Specifically, who was considered wealthy?
Answers and Replies
The most important changes to the personal tax code since the World War II rate increases were made during the Reagan administration in the 1980s. In 1981, the Economic Recovery Tax Act (ERTA) reduced the top rate by almost 30 percent—from 70 to 50 percent—and all other rates by approximately 23 percent over a three-year period.
Taken from; http://www.tcf.org/Publications/Basics/Tax/History.html [Broken]