a relationship postulated between tax rates and tax receipts indicating that rates above a certain level actually produce less revenue because they discourage taxable endeavors and vice versa.
Origin: 1975–80; named after Arthur Laffer (born 1940), U.S. economist, who postulated it
economics a curve on a graph showing government tax revenue plotted against percentage tax rates. It has been used to show that a cut in a high tax rate can increase government revenue
[C20: named after Arthur Laffer (born 1940), US economist]
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
a fool or simpleton; ninny.
a scrap or morsel of food left at a meal.
a printed punctuation mark (‽), available only in some typefaces, designed to combine the question mark (?) and the exclamation point (!), indicating a mixture of query and interjection, as after a rhetorical question.
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.