Donald Trump prospered in the "Second Gilded Age" of the 1980s, in which major corporations' executives brought home 25 million and more in annual pay. These executives benefitted from President Reagan's decision to cut top marginal tax rates from

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President Reagan cut the top marginal tax rates from 70% to 28%, significantly reducing the tax burden on high earners and corporations, which contributed to the economic environment of the "Second Gilded Age."

Donald Trump Prospered in the "Second Gilded Age" of the 1980s