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%.
George Laffer George Laffer George Richards Laffer (14 September 1866 – 7 December 1933) was an Australian politician. He was member of the South Australian House of Assembly from 1913 until 1933, representing the electorate of Alexandra for the Liberal Union, and its successors the Liberal Federation and Liberal and Country League. He was a minister in the Barwell government, and was Speaker of the South Australian House of Assembly from 1927 until 1930. Laffer was born at Coromandel Valley into a fruit-growing family, his father having emigrated from Cornwall in 1840. He continued in the family business, and was actively involved