follow Dictionary.com

How Well Do You Know English Slang?

Laffer curve

[laf-er] /ˈlæf ər/
noun, Economics
1.
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
1975-1980
1975-80; named after Arthur Laffer (born 1940), U.S. economist, who postulated it
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
British Dictionary definitions for Laffer curve

Laffer curve

/ˈlæfə/
noun
1.
(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
Word Origin
C20: named after Arthur Laffer (born 1940), US economist
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source

Word of the Day

Difficulty index for Laffer curve

Few English speakers likely know this word

Word Value for Laffer

0
0
Scrabble Words With Friends

Nearby words for laffer curve