Category: Taxes and Policy, Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

5 Responses to “Taxing Top Earners: A Human Capital Perspective”

  1. stonedwino says:

    As soon as I saw that this whole paper was based on the Laffer curve I started laughing…Come on man?! Laffer has been as debunked as trickle down…talk about whistling past the graveyard.

    • Terry says:

      Same reaction here. Wow! True GIGO!

    • willid3 says:

      yep. more economists trying to be ‘scientists’?

    • econ1 says:

      I assume you aren’t saying that the Laffer curve doesn’t exist but rather that the two articles differ in where the peak occurs. Clearly increasing taxes on something reduces its attractiveness….witness cigarettes….so increasing marginal tax rates will at some point reduce the attractiveness of extra effort (do I want a bigger boat, or more time on my boat). This is particularly noticeable in the rates where dual income couples become single income as the increased income from the second earner has a high marginal tax rate and a high cost (child care, commute costs, clothing/food costs). I would agree that for very high earners (the true millionaires and billionaires some folks like to talk about) the curve is displaced, but it still exists.

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