In this assessment, raising tax rates beyond a certain point reduces receipts, while lowering them too far does the same. Between those extremes lies a workable range. Most progressive tax systems are judged to have found that balance broadly, with an explicit caution that the result is imperfect.
Notable Point · 3:40:38-3:41:09
Finding a workable range for progressive taxation
This assessment favors a workable range of tax rates and judges most progressive systems to have found it broadly.