Laffer curve New Palgrave Dictionary of Economics reports that a comparison of academic studies yields a range of revenue maximizing rates that centers around 70%. In the early 1980s, Edgar L. Feige and Robert T. McGee developed a macroeconomic model from which they derived a Laffer Curve. According to the model, the shape and position of the Laffer Curve depend upon the strength of supply side effects, the progressivity of the tax system and the size of the unobserved economy. Economist Paul Pecorino presented a model in 1995 that predicted the peak of the Laffer curve occurred at tax rates around 65%.
Eponymous archon was responsible for the civic religious arrangements. After 508 BC the offices were held for only a single year, and the year was named after the archon eponymous. The year ran from July to June. The archon eponymous was the chief archon, and presided over meetings of the Boule and Ecclesia, the ancient Athenian assemblies. The archon eponymous remained the titular head of state even under the democracy, though with much reduced political importance. Under the reforms of Solon, himself archon eponymous in 594 BC, there was a brief period when the number of archons rose to ten. After 457