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by 2Crisp 1233 days ago
No. The Laffer curve is about taxable income elasticity. It says nothing about the practical challenge of tracking taxes owed and actually collecting them in a cash based system as the parent was suggesting
1 comments

Is tax avoidance/evasion not a part of taxable income elasticity? My understanding was that it is
I suppose it could be fine to include it that way... Ie. A cash based world where tax evasion is harder to detect would have higher elasticity of taxable income. It's also true that the model does not require any tax evasion at all.