• Kethal@lemmy.world
    link
    fedilink
    arrow-up
    2
    ·
    edit-2
    10 months ago

    Tax rates that reduce revenue are far, far greater than any current tax rate in the US, not that rates should be set to optimize revenue. People that try to use the Laffer curve as justification for reducing taxes in the US lack both practical and theoretical understanding of taxes.

      • Kethal@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        10 months ago

        So when you asked “What’s going to happen if tax rate increases keep decreasing revenue?” you were referring to something that doesn’t involve revenue? And that doesn’t have to do with income tax? In a conversation about income tax? That’s even worse.