LAFFER CURVE
\lˈafə kˈɜːv], \lˈafə kˈɜːv], \l_ˈa_f_ə k_ˈɜː_v]\
Definitions of LAFFER CURVE
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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
By Princeton University
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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
By DataStellar Co., Ltd
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Conceptual relationship between marginal tax rates and total tax collections in a graphical representation named after US economics professor Arthur Laffer. He proposed that lower taxes encourage greater output and supply, increasing aggregate income. Supply-side economics supporter use the Laffer curve as the basis of their claim that policies for low income tax leads to new investments that lead to non-inflationary growth.
By Henry Campbell Black
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