Meaning Of The Word Laffer curve
What's the definition of Laffer curve? Find Laffer curve meanings, definitions and more at the Real Dictionary online.
Laffer curve Meaning
| Laffer curve Definition |
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What's The Definition Of Laffer curve?
Laffer Curve in American English
a graph illustrating a theory which maintains that increasing tax rates beyond a certain point causes a reduction in government revenues by discouraging production and investment noun: 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 in British English noun: 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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