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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (221996)1/6/2022 5:04:27 PM
From: i-node  Respond to of 362049
 
The Laffer Curve is not part of this. It applies to taxpayers as a whole, not individual taxpayers.

We do know that historically tax collections as a share of GDP remain essentially constant because regardless of tax rates. Not perfectly but +/- a few (<5) points, with a mean of around 20%.