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View Diary: Laughing at Laffer (203 comments)

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    Seneca Doane

    from Pecorino who's quoted in wikipedia

    The central question is the elasticity of work with respect to tax rates. For example, Pecorino (1995) argued that the peak occurred at tax rates around 65%, and summarized the controversy as:

    Just about everyone can agree that if an increase in tax rates leads to a decrease in tax revenues, then taxes are too high. It is also generally agreed that at some level of taxation, revenues will turn down. Determining the level of taxation where revenues are maximized is more controversial.[11]

    DelicateMonster a slightly left of center reading experience

    by DelicateMonster on Sun Apr 05, 2009 at 03:09:33 PM PDT

    [ Parent ]

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