5 ms·
If memory serves, that maximizing rate was somewhere around 50% under Laffer's initial model, which is why the first Reagan tax cut reduced the top income brack
by aerotwelve 9y ago
If memory serves, that maximizing rate was somewhere around 50% under Laffer's initial model, which is why the first Reagan tax cut reduced the top income bracket from 70% to 50%.
Now we're at 37%, and I guarantee you that's still considered too high by the Ryan types.
- deleted 9y ago[deleted]