What was the result of Ronald Reagan's tax increase or "revenue enhancements" in 1982 and 1983?

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Ronald Reagan's tax increase in 1982 and 1983, often referred to as "revenue enhancements," was primarily aimed at reducing the federal budget deficit. While these measures did increase some taxes, they were structured in a way that the overall tax burden for most Americans did not significantly change. The adjustments were more about closing loopholes and increasing some indirect taxes rather than drastically altering tax rates for the majority of taxpayers.

What Was the Result of Ronald Reagan's Tax Increase or "Revenue