"Reynolds' Law": Steep tax rates on high incomes didn't raise as much revenue at 70-92% as a 28% rate did 1988-92. https://www.cato.org/blog/tax-rates-tax-reform-tax-revenues-part-one …pic.twitter.com/v27t8MwELt
Reynolds Law is a corollary to Hauser's Law. Kurt Hauser, that is.
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Kurt Hauser was a consulting client of Polyconomics. His law was attacked because corp revenue went down, payroll up. Mine is immune.
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