You may recall
The Wall Street Journal's July 13 editorial which proved that the Laffer Curve is real if you restrict your attention to corporate tax rates, mis-code Norway, and draw your line wrong. Thanks to Kevin Hassett's efforts to
spell this argument out in more detail, Brendan Nyhan was able to look at the exact same data and
draw the line correctly:

If you exclude Norway, who's oil tax revenue shouldn't really be lumped in with corporate income taxes in general (it's more like a royalty), things look even less like the
WSJ version of reality.
Join the Discussion
After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus