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sunshowers
13 hours ago
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California is chasing wealth that has feet
Well, the general economic consensus is that for income taxes, the revenue-maximizing peak of the Laffer curve is around 65-70% [1]. Revenue maximization isn't necessarily the right primary goal, though.
[1]
https://en.wikipedia.org/wiki/Laffer_curve#Income_tax_rate_a...
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[1] https://en.wikipedia.org/wiki/Laffer_curve#Income_tax_rate_a...