Re:The U.S. government is set to borrow nearly $1 trillion t...
by aerotwelve on Saturday February 03, 2018 @10:57PM
(#16301235)
If memory serves, that maximizing rate was somewhere around 50% under Laffer's initial model, which is why the first Reagan tax cut reduced the top income bracket from 70% to 50%.
Now we're at 37%, and I guarantee you that's still considered too high by the Ryan types.
Now we're at 37%, and I guarantee you that's still considered too high by the Ryan types.