Possibly the best short explanation of the Laffer Curve I’ve seen. Of course there is more to be discussed because this example focuses on the morally reprehensible “progressive” tax system wherein 47% of filers wither pay no income taxes or receive a cash bonus for filing. However, we’ll save that for another time.
Tim Groseclose, in addition to being a faculty member at Prager University, is a professor of political science and economics at UCLA. His article on this subject is here.
Here is the link to download the Romer & Romer paper (in pdf) from the UC Berkeley website: