(no subject)

Date: 2010-02-17 05:24 pm (UTC)
I remember reading, several years ago, a series of posts on the blog Angry Bear which came to the conclusion that based on the existing historical evidence, the Laffer curve reaches its maximum (that is, tax revenue is maximized) when the top marginal tax rate is between 50-60%. Which is not much less than the top marginal rate around the time that the Laffer curve became a popular argument for reducing taxes, and certainly higher than it is now.

I tend to think that the social benefits of having a higher tax rate than that would outweigh any negative impact on economic growth, but I'd be happy if anyone started making a Laffer curve based argument for raising taxes.
Identity URL: 
Account name:
If you don't have an account you can create one now.
HTML doesn't work in the subject.


Notice: This account is set to log the IP addresses of everyone who comments.
Links will be displayed as unclickable URLs to help prevent spam.


allen: (Default)

Active Entries

Page generated Oct. 17th, 2017 07:50 am

Style Credit

Expand Cut Tags

No cut tags