Tax dodges, loopholes and the "we're broke" scam

[Scuba]

http://politics.gather.com/viewArticle.action?articleId=281474977623449

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The media has been obsessing about President Obama's plan to roll back the Bush tax cuts for the wealthiest Americans—from 35% to 39.6%.

But I was surprised to learn that the tax rate the wealthiest Americans paid on the top portion of their earnings at the end of Ronald Reagan's first term was much higher -- 50%.

Under Richard Nixon it was 70%, and under Dwight Eisenhower it was actually 91%.

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