Editing Reaganomics (section)

===Federal income tax and payroll tax levels===
{{Main|History of taxation in the United States}}
During the Reagan administration, fiscal year federal receipts grew from $599 billion to $991 billion (an increase of 65%) while fiscal year federal outlays grew from $678 billion to $1144 billion (an increase of 69%).<ref>{{cite web |url= http://www.presidency.ucsb.edu/data/budget.php |title= Federal Budget Receipts and Outlays |publisher= Presidency.ucsb.edu |access-date= January 4, 2012 |archive-date= May 25, 2010 |archive-url= https://web.archive.org/web/20100525112710/http://www.presidency.ucsb.edu/data/budget.php |url-status= live }}</ref><ref>{{cite web |url= http://www.socialsecurity.gov/history/pdf/4a.pdf |title= Table 4.A1 – Old-Age and Survivors Insurance, selected years 1937–2007 (in millions of dollars) |publisher= U.S. Social Security Administration |access-date= August 12, 2012 |archive-date= May 1, 2011 |archive-url= https://web.archive.org/web/20110501213059/http://www.socialsecurity.gov/history/pdf/4a.pdf |url-status= live }}</ref> According to a 1996 report of the Joint Economic Committee of the United States Congress, during Reagan's two terms, and through 1993, the top 10% of taxpayers paid an increased share of income taxes (not including payroll taxes) to the Federal government, while the lowest 50% of taxpayers paid a reduced share of income tax revenue.<ref name="JEC">{{cite web |url= http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm |title=The Reagan Tax Cuts: Lessons for Tax Reform |author=Christopher Frenze |date=April 1996 |publisher= U.S. Congress, Joint Economic Committee |access-date=March 22, 2011 |archive-date=February 26, 2009 |archive-url= https://web.archive.org/web/20090226201115/http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm}}</ref> Personal income tax revenues declined from 9.4% GDP in 1981 to 8.3% GDP in 1989, while payroll tax revenues increased from 6.0% GDP to 6.7% GDP during the same period.<ref name="CBO Historical Tables"/>