That is, in fact, how it worked. Absolutely no one paid 90% income tax or anything close to it. Anyone who remembers how the Reagan tax cuts were sold to the

That is, in fact, how it worked. Absolutely no one paid 90% income tax or anything close to it. Anyone who remembers how the Reagan tax cuts were sold to the public probably remembers that a key component of the campaign was a commitment to close countless tax loopholes.