show_chart Laffer Curve
Relationship between tax rates and revenue
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View Full Quote"We tax speeders on the highways to get them to stop speeding. We tax cigarettes to get people to stop smoking. Why then do we tax people who earn income? Why do we tax people who employ other people? Why do we tax companies that make wonderful products at low cost and make lots of profits? Don't for a moment think that the same consequences don't befall taxes on income, employment, and profits as they do on speeders and on smokers."
View Full Quote"If you tax people who work, and you pay people who don't work, do not be surprised if you have a lot of people not working."
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Laffer Curve
The Laffer Curve is an economic model illustrating the relationship between tax rates and the total tax revenue collected by governments. It shows ...
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