Word: taxed
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Dates: during 1980-1989
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...most moderate guise, supply-side theory says that greasing the palms of the rich and swelling the coffers of corporations induces them to invest that money for productive purposes. More radical supply-siders say that cutting marginal tax rates in the top brackets spurs productivity so much that total tax revenues increase...
...experience of the Reagan years contradicts both propositions. In 1981, Congress gave former President Ronald W. Reagan sweeping across-the-board tax cuts, weighted heavily in favor of the rich, with the wealthiest 5 percent of taxpayers getting 35.1 percent of the cuts...
Since only a few hard-core ideologues still believe that lowering marginal tax rates produces an actual increase in revenues, Lindsey had to content himself by telling the gathered students that lowering the top marginal rates makes the rich pay a larger share of the nation's total tax bill...
Vellucci said that because Harvard's academic and dormitory buildings are tax-exempt, the University should donate something to the community. He said since Harvard saves money in taxes, "at least they can supply books...
...tax should be at least as high as the cost the habit imposes on everyone else," said Newhouse. "Our findings say smokers pay their costs, and drinkers do not," he added...