4 ms·
Since roughly WW2, it seems like exemptions have steadily fallen and marginal rates with them, but generally you get consistent revenue as a percentage of GDP.
by QuarterReptile 3y ago
Since roughly WW2, it seems like exemptions have steadily fallen and marginal rates with them, but generally you get consistent revenue as a percentage of GDP. I'm inclined to believe, based on that, the we are near the cultural maximum for the Laffer curve for the US, given present incentives. It's possible you could chase it higher if you disassembled all social programs so that people would fear more for their livelihoods, I guess.
*I'm not going to take the time to source this post, so you can disavow it if you like, but feel free to search for yourself.