Did Ronald Reagan Lower the Top Tax Rate from 70 to 28 Percent and Introduce Income Tax on Social Security Benefits to Offset It? A popular tweet claimed that the former president lowered the top tax rate from 70 percent to 28 percent, balancing it with a novel income tax on Social Security Benefits.
‘Tax Brackets Explained’ Imgur Post A post to Imgur in February 2020 called "Tax brackets explained. Help educate others!" went viral on that site and elsewhere on social media.
