Laffer curve A draft paper by Y. Hsing looking at the United States economy between 1959 and 1991 placed the revenue-maximizing average federal tax rate between 32.67% and 35.21%. A 1981 article published in the "Journal of Political Economy" presented a model integrating empirical data that indicated that the point of maximum tax revenue in Sweden in the 1970s would have been 70%. A 2011 paper by Trabandt and Uhlig published in the "Journal of Monetary Economics" estimated a 70% revenue maximizing rate, and predicted that the US and most European economies were on the left of the Laffer curve (in other
Immigration to the United States An internal study by the Department of Health and Human Services under the Trump administration, which was suppressed and not shown to the public, found that refugees to the United States brought in $63 billion more in government revenues than they cost the government. According to labor economist Giovanni Peri, the existing literature suggests that there are no economic reasons why the American labor market could not easily absorb 100,000 Syrian refugees in a year. Refugees integrate more slowly into host countries' labor markets than labor migrants, in part due to the loss and depreciation of human capital and credentials