Optimal tax the optimum. Stipulating this condition results in the following formula for the optimal top tax rate, if incomes are Pareto distributed: formula_1 where: Empirical estimation of the parameters of this equation suggests that the revenue-maximising top tax rate is between approximately 50% and 80%, although this estimate neglects long-run behavioural responses, which would imply higher elasticities and a lower optimal tax rate. Saez's analysis can also be generalised to tax rates other than the top rate. In the late 1970s, Arthur Laffer developed the Laffer curve, which demonstrates that there are two effects of changing tax rates: an arithmetic effect—if
Larry Laffer on their list of top "hoes of gaming" and GamesRadar included him among the "13 unluckiest bastards in gaming". In 2013, "Game Informer" called him "one of gaming's more infamous characters, at least among the people who still remember him by name," and "Complex" gave him their "Mr. Thirst" award for the most lustful video game character of all time. Larry made a homage-type cameo appearance in the "" episode "Grand Theft Starship" and was referenced by Charles Stross in "Asimov's Science Fiction". A "lecherous" octopus at the Seattle Aquarium was named after the character. Larry Laffer Larry Laffer is