Only in 1988 and 1989 (Ronald Reagan's final 13 months in office) was the TOP MARGINAL rate down to 28%. It was 69.13% when he went into office, and went from 69.13%-50% from 1981-1986, then 38.5%, then 28%.
Barack Obama has proposed a top marginal tax rate of 39.6%, which was the rate under Bill Clinton. So with the exception of 13 months of Reagan's time in office, Obama's rate is lower than Reagan's.
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