5 ms·

Or the classic least norwegian squares method of regression in the WSJ http://kieranhealy.org/files/misc/laffer.png http://kieranhealy.org/files/misc/laffer.pn

• voldacar 8y ago
  This link returns a 403
  • glastra 8y ago
    Copy and paste the link. It gives a 403 because the referrer is HN (so not from the same domain). No referrer, no 403.
    • voldacar 8y ago
      should have thought of that. D'oh
• lb1lf 8y ago
  We (Norway) cheat a bit, though - we're a small (5M and change citizens) economy with a massive oil extraction industry which we tax to high heaven, hence the large fraction of GDP raised by taxes. Regular corporate tax is 22%, whereas anything involving pumping hydrocarbons out of the ground is taxed with an additional 56%, leading to a tax rate of 78%. In 2018, this led to more than $13B in taxes being paid from oil companies. Joe Q. Public, for comparison, paid $35B or so in income tax.
  • tomp 8y ago
    I think that's his/her point. Norway is obviously an outlier, so fitting the curve through Norway makes absolutely no sense!
    • lb1lf 8y ago
      D'oh, of course. In my defense, I hardly slept last night courtesy of a three-year-old with the chicken pox, and I hadn't had my morning gallon of coffee when I replied.
• gowld 8y ago
  That's a amazing. They made a plot and then drew an unrelated scribble through Norway.
• mcguire 8y ago
  The post containing the graph: https://kieranhealy.org/blog/archives/2007/07/13/outliers/ https://kieranhealy.org/blog/archives/2007/07/13/outliers/