In response to:

Revenge of the Laffer Curve…Again and Again and Again

Guywithaheart Wrote: Mar 28, 2013 8:33 AM
Huh?!? Your numbers show that tax revenues are rising! So how can you claim that you have Laffer Curve evidence against tax increases?
Colonialgirl Wrote: Mar 28, 2013 12:41 PM
Obviously a LOW INFORMATION idiot who doesn't know any better than to display his stupidity for all to see and laugh at.
Tacitus X Wrote: Mar 28, 2013 9:52 AM
Read it again. These were not increases in existing tax rates. These were new taxes where the previous tax rate was zero. Lauffer's curve doesn't stupidly claim that you will get tax revenue with a zero tax rate. It says that there is a point (typically between 5% and 23%) when tax revenues decline - obvious when you consider the likely result of a 100% tax rate.
Joseph64 Wrote: Mar 28, 2013 12:16 PM
A 100% tax rate collects the same amount as a 0% tax rate. Nothing, because people stop working and the economy collapses. Anyone would be stupid to keep going to work if 100% of their income goes to the government.
Joseph64 Wrote: Mar 28, 2013 8:52 AM
Because the tax revenues never go up as much as planned and they also end up losing revenue from other sources. So if they planned to raise $500 million from a particular tax but only get $200 million, that $200 million is offset by losses from other revenues because when people hide their income from one tax, they also hide it from all the rest at the same time.
Hawker 1 Wrote: Mar 28, 2013 8:59 AM
Oh Joseph you cannot explain something to a leftist progressive/socialist for they are so smart about all things you must do to please them.

If I live to be 100 years old, I suspect I’ll still be futilely trying to educate politicians that there’s not a simplistic linear relationship between tax rates and tax revenue.

You can’t double tax rates, for instance, and expect to double tax revenue. Simply stated, there’s another variable – called taxable income – that needs to be added to the equation. This simple insight is what gives us the Laffer Curve.

This is common sense in the business community. No restaurant owner would ever be foolish enough to think that revenues will double if all...