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In some countries, certainly the UK in the 1960s with its 90% top tax rate, the government would've collected more tax if the rate were lower because there woul
by hollerith 2y ago
In some countries, certainly the UK in the 1960s with its 90% top tax rate, the government would've collected more tax if the rate were lower because there would have been more economic activity to tax -- or so say a lot of economists. "Laffer curve" is a good thing to search for if you want to learn more.
- taeric 2y agoI mean, this is largely to my point, though? Last I looked, it seemed research into the Laffer Curve largely found most countries set their rates below the ideal. Agreed that a 90% rate would almost certainly be too high, but the general feel was 40-60 would certainly cover the maximum rates. Some folks saying as high as 70, no?