The first PG - 13 comedy from R -
rated laffer auteur Sean Anders («Horrible Bosses 2,» «That's My Boy») winds up an unpalatable mix with little to satisfy families or anyone who likes to laugh.
Not exact matches
Principally, the
Laffer Curve is a representation of the relationship between
rates of taxation and levels of government revenue.
Laffer argued several times that what's really needed is total tax reform — taxing all income including unrealized capital gains at one flat
rate instead of an ad hoc approach targeting certain sectors of the population.
First voiced in the 1970s by Arthur
Laffer, an adviser to the Nixon administration who came from the conservative Chicago school of economics, it was embraced by the likes of Ronald Reagan and Margaret Thatcher and, consensus has it, went a long way to alleviating the stagflation of that era (though falling energy prices and interest
rates, demographic shifts and yes, deficit spending contributed too).
Going back to an 18 % federal
rate would mean a 28.7 % combined
rate, pretty close to the peak of Mintzâ $ ™ s
Laffer curve.
The Bush administration had claimed, using the
Laffer Curve, that the tax cuts actually paid for themselves by generating enough extra revenue from additional economic growth to offset the lower taxation
rates.
It was New Labour that cut CGT
rates to 18 % (based, I imagine, on some kind of
Laffer curve notion).
The
Laffer Curve shows the relationship between marginal tax
rates and aggregate government revenue.
Theory and empirics are therefore in accord, for the UK the 45 % tax
rate is about the peak of the
Laffer Curve.