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To: shove_it
RE: so where's the curve?
Unfortunately, Woodhill didn't show it in this article.

But here's the original Laffer Curve for those who want a review:



Here's another version :

\

If the tax rate is 0%, we get zero revenue. If the tax rate is 100%, we also get zero revenue, or near to it, because no one will work. In the middle somewhere is a maximum, labeled "Equilibrium Point" in the diagram. Perhaps it's skewed more than the figures above shows, but it's in there somewhere.
25 posted on 09/15/2010 7:20:14 AM PDT by SeekAndFind
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To: SeekAndFind

Liberals hate it because they don’t believe the top point in the curve i.e. 100% tax rate = $0 revenue. They are too stupid to stop working...


28 posted on 09/15/2010 7:44:31 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: SeekAndFind
I expected Woodhill to display his "curve" so we could see what he's talking about; he refers to it repeatedly in his article. The great Dr. Art Laffer’s Curve is magnificent in its simplicity.
29 posted on 09/15/2010 7:47:48 AM PDT by shove_it (have a nice day)
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