PebHmong Discussion Forum

General Category => General Discussion => Topic started by: theking on November 09, 2021, 11:03:35 PM

Title: I was trying to explain this tax curve from the Reagan era to my daughter
Post by: theking on November 09, 2021, 11:03:35 PM

...but she's still too young IMO so I'll try again in a few years ;D:

(https://i.imgur.com/x6nt90u.jpg)

(https://i.imgur.com/5VOcOXl.jpg)

Title: Re: I was trying to explain this tax curve from the Reagan era to my daughter
Post by: theking on November 11, 2021, 04:23:32 PM

"$20,000" sounds about right for average family income back in those days:

(https://s.wsj.net/public/resources/images/ED-AW658_GRAMMS_GR_20170802155920.jpg)

Title: Re: I was trying to explain this tax curve from the Reagan era to my daughter
Post by: theking on November 11, 2021, 04:24:21 PM

The Pros' version:

(https://jimproser.com/wp-content/uploads/2015/10/Laffer-Curve.jpg)