Laffer curve

Laffer curve

[laf-er]
noun Economics.
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

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World English Dictionary
Laffer curve (ˈlæfə)
 
n
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]

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