by Dan Mitchell | Nov 20, 2022 | Big Government, Blogs, Taxation
The 1930s arguably was America’s worst decade for economic policy and economic results. Herbert Hoover and Franklin Roosevelt both increased the burden of government and the net result was a decade-long depression. The...
by Dan Mitchell | Nov 3, 2022 | Blogs, Economics, Taxation
The Laffer Curve is a very straightforward concept. It graphically illustrates why politicians are wrong if they think you can double tax revenue by doubling tax rates (or that revenues will drop by 50 percent if tax rates are cut in half)....
by Dan Mitchell | Oct 20, 2022 | Blogs, Taxation
In the case of business taxation, the most visually powerful evidence for the Laffer Curve is what happened to corporate tax revenue in Ireland after the corporate tax rate was slashed from 50 percent to 12.5 percent. Tax revenue increased dramatically....
by Dan Mitchell | Apr 20, 2022 | Blogs, Taxation
During the debate about the Trump tax plan, proponents made three main arguments in favor of reducing the federal corporate tax rate from 35 percent to 21 percent. A lower rate would be good for workers, consumers, and shareholders.A lower rate...
by Dan Mitchell | Feb 12, 2022 | Blogs, Economics, Laffer Curve, Taxation
The Laffer Curve is a method for illustrating the relationship between tax rates, taxable income, and tax revenue. But it’s important to realize that there are actually lots of varieties. The Laffer Curve for capital gains taxes, for instance, will...
