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Laffer curve

   Also found in: Financial, Wikipedia 0.09 sec.
Laf·fer curve or Laf·fer Curve  (lfr)
n.
A curved graph that illustrates the theory that, if tax rates rise beyond a certain level, they discourage economic growth, thereby reducing government revenues.
[After Arthur Laffer (born 1940), American economist.]
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.Laffer curve - 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
graph, graphical record - a visual representation of the relations between certain quantities plotted with reference to a set of axes
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But it makes sense if you consider the Laffer Curve effect.
Are things looking up? by Crumpley, Charles / Los Angeles Business Journal
Hong Kong is an almost perfect example of the Laffer Curve in action--low tax rates generate high rates of real economic growth, leading to increased revenues which can be used for social welfare while maintaining low tax rates.
25 years ago in reason by Reason
Irving Kristol's protege Jude Wanniski, the godfather of supply-side economics, used an AEI fellowship to write his 1978 book The Way the World Works, which promoted the dubious Laffer Curve, and its purported proof that tax cuts lead to more net government revenue.
In the tank: the intellectual decline of AEI by Wallace-Wells, Benjamin / Washington Monthly
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