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A few things strike me. 1) We really all sacrificed to pay for WWII; 2) tax policy in Reagan's second term was particularly ruthless, with the raising of the bottom-most rate and lowering of the top-most rates, the only time in tax history that that has been done; and 3) tax rates since Reagan have been closer to pre-New-Deal rates than to post New-Deal rates.
Update: I should specify that this is all about income tax rates.
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