Quote:
Originally Posted by finnbow
You said you knew exactly where we were on the Laffer curve. Show me.
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No, I didn't say that, and I explained it. Go back and read again if you didn't understand.
Quote:
Originally Posted by finnbow
Of course it's arguable. The economy is multi-faceted and doesn't depend on one thing like tax rates.
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That wasn't the question. I'll ask it again, (and you'll probably avoid it again):
Is it likely that an economy will have more capital formation and conversion as the tax rate on capital gains goes down?
You also avoided the other question:
As the tax on income approaches 100%, does the revenue from that tax keep going up, or does it start to go down?