Kepler
Si certus es dubita
Re: 2nd Term Part IX - How Lame is my Duck
Yes, the latter is how I see it. I'm not even sure the different inflection points are based on wealth bands. Likely they are more about the source of revenue (i.e., we are currently FAR more to the left of the inflection on cap gains than we are on earned income).
You're preaching to the choir here on most of this. You can position a single point on a Laffer curve, which is exactly what setting a tax rate is. Perhaps there are multiple Laffer curves, each adjusted based upon bands of wealth.
Yes, the latter is how I see it. I'm not even sure the different inflection points are based on wealth bands. Likely they are more about the source of revenue (i.e., we are currently FAR more to the left of the inflection on cap gains than we are on earned income).