Post
Topic
Board Politics & Society
Re: Finance Part III: Divide, Conquer, Enslave
by
AnonyMint
on 28/04/2014, 22:33:58 UTC
Eventually rising taxes will hit the laffer maximum where an increase actually lowers revenue obtained. Various academic studies have placed this rate as somewhere between 40-70%.

Trying to shoehorn the Laffer limit onto personal income tax rates is an incorrect way to characterize the metric. Rather if I remember correctly, the Laffer limit is approximately 18% of the GDP for total taxation of all forms.