Political debates about the United States federal budget concentration of income at the top of the income distribution." In theory, the government collects no revenue at either zero or 100% tax rates. So there is some intermediate point at which government revenue is maximized. Lowering tax rates from 100% to this hypothetical rate that maximizes revenue would theoretically raise revenue, while continuing to lower tax rates below this rate would lower revenues. This concept underlies the Laffer Curve, an element of supply-side economics. Since the 1970s, some "supply side" economists have contended that lowering marginal tax rates could stimulate economic growth to such a degree that tax revenues
Notional Keeneland three weeks before the running of the Kentucky Derby. He will undergo surgery for the injury which is not life-threatening, but there is question about whether he will be able to return to racing. He did not run in any of the Triple Crown races. Having an uneventful four-year-old season, Notional returned to form winning the July 5th, 2008 running of the Salvator Mile Handicap under Joe Bravo. Notional Notional (born February 1, 2004 in California) is an American Thoroughbred racehorse. He was sired by In Excess and out of the mare Truly Blessed. His damsire, French Deputy, is