In a message dated 4/19/05 12:43:11 PM, [EMAIL PROTECTED] writes:
For what it's worth, I recall a Treasury study in the late 1980s that
concluded that the tax cut of 1984 was 95% self-financing.
David
Do you have a citation for that study (or a copy)?
If "95% self-financing" means what it
I'm just wondering if it is even
possible for the supply and demand curves to be shaped shaped in such a
way that the Laffer curve does not apply to some market.
Since you asked...
Take an income tax and the very standard constant elasticity formulations for
demand and supply (they are called
Without understanding the parts I snipped
I would like to point out that if *my* tax rate was .94, I
would need no more incentive to derive 100% of my income from the
underground economy. Or is this just one of those counter-intuitive economic
conclusions?
Throw me a bone here. ;-)
Perfectly
