The WSJ has come in for a lot of justified ridicule over this graph, which purports to show that the US is "on the wrong side of the Laffer Curve: We could collect more revenues with a lower corporate tax rate."

Kevin Drum notes this delightful aspect of the WSJ's graph:

"Even the Journal's editorial writers, normally a pretty barefaced bunch, were apparently too embarrassed about this economic singularity to follow the right side of their graph to its logical conclusion, but we can: at a rate of about 33% corporate taxes produce no revenue at all. An increase of a mere four percentage points destroys tax revenue entirely! Mirabile dictu!"

Nice job WSJ. Way to print a data plot that's a) meaningless on it's face and b) wrong, even assuming it wasn't meaningless.

The comments are priceless.

Obsidian Wings: The WSJ: Twenty-Odd Data Points On A Mission