Business and Economic Burdens

Growing up I used to hear people make fun of the "laugher curve".  I thought everyone was laughing at President Reagan and his economic policies.  Going through business school I learned that the "Laffer Curve" was some real economic theory by a real professor.

Here is a copy of the basic laffer-curve:

The big problems with the interpretation are pretty easy to spot.  Given this image it would appear that 50% tax is the ideal percentage for the Government.  That is no where near the case, The Horowitz freedom center noted that many thought the tax cuts President Reagan asked for were incorrectly thought of as only for the rich.  They were tax cuts for everyone, the popular media slanted the view.