Here is the extremely controversal model designed to lower taxes in an effort to support massive tax cuts while increasing spending brought into popularity by the Regan Administration. It provided the "proof" of the gains of trickle down economics.
The central idea behind the Laffer Curve is the ability to gain the same amount of revenue at two different points on the curve allowing for a tax cut.
The central idea behind the Laffer Curve is the ability to gain the same amount of revenue at two different points on the curve allowing for a tax cut.
ReplyDeleteI must say, very nice graph uploading skills.
ReplyDelete