Laffer Curve (noun) Definition, Meaning & Examples

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.
noun
  1. 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
Laffer Curve (noun) Definition, Meaning & Examples

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