re: #397 lostlakehiker

Tax rates on personal income should not exceed 100 percent. That just outlaws further economic activity by any too-productive inventor or artist or what have you. In fact, the rates should be capped quite a bit below that. We could argue about where the line is, 50% or 60% or maybe even 80%, but beyond some point, punitive taxation serves only to prevent economic activity that would have been beneficial to society as well as to the earner and the tax man.

Historical evidence suggests the Laffer Curve peaks between 65 and 90 % — conservatives believing the lower part of that range, liberals finding the higher end more persuasive.

Knee-jerk idealogues will suggest numbers outside that range, but they have zero evidence.