Laffer curve

Laffer curve
/laf"euhr/, Econ.
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.
[1975-80; named after Arthur Laffer (born 1940), U.S. economist, who postulated it]

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Universalium. 2010.

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  • Laffer curve — noun a graph purporting to show the relation between tax rates and government income; income increases as tax rates increase up to an optimum beyond which income declines • Hypernyms: ↑graph, ↑graphical record …   Useful english dictionary

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