We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 … benchmark parameters, we find that the US can increase tax revenues by 30% by raising labor taxes and 6% by raising capital … income taxes. For the EU-14 we obtain 8% and 1%. Denmark and Sweden are on the wrong side of the Laffer curve for capital …

their labor and capital tax Laffer curves, but the EU-15 economy being much closer to the slippery slopes than the US. Our … than four fifth of a capital tax cut are self-financing in the EU-15 economy. -- Laffer curve ; US and EU-15 economy …