In which year were the U.S. Federal tax receipts the highest?
2007 - Under Bush Tax CUTS!!!!!!
So this is proof that the laffer curve is somewhere to the left of a 10/20/30 split on taxes. Imagine if we had that here? Say you have 10 percent for incomes under 30k, 20 percent for incomes under 60k, and 30 percent for incomes over 100k.