The main problem with our tax code is the concept of a 'progressive' income tax. In the interest of 'perceived fairness' (as defined by the left) we punish those who become more successful. Why should everyone in the country have their VERY OWN LAFFER CURVE based on their particular income level?
How does the Laffer Curve adjust for penalizing those who have higher incomes (work more days,,,overtime,,,,second job,,,investment income,,,promotions,,,higher pay due to the extra effort in increasing their educational level,,,etc)?