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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.
Laffer curve
/ ˈlæfə /
noun
- 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
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Word History and Origins
Origin of Laffer curve1
1975–80; named after Arthur Laffer (born 1940), U.S. economist, who postulated it
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Word History and Origins
Origin of Laffer curve1
C20: named after Arthur Laffer (born 1940), US economist
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