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Laffer curve

   Also found in: Financial, Wikipedia 0.01 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.]
Laffer curve [ˈlæfə]
n
(Economics) Economics 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
[named after Arthur Laffer (born 1940), US 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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For example, they do not emphasize that the revenue-maximizing tax rate is always larger than the "optimal" tax rate because at the peak of the Laffer curve the rate can be reduced slightly, resulting in a large reduction in the excess burden of the tax, but only a small reduction of tax revenue.
Global Tax Revolution: The Rise of Tax Competition and the Battle to ... by Holcombe, Randall G. / Independent Review
Professor Arthur Laffer, of Laffer Curve fame, argues that taxation is the single greatest destroyer of motivation.
The monstrous tax quandary by Crombie, Roger / Risk & Insurance
Finance Minister Pranab Mukherjee's endorsement of the Laffer Curve principle is even more gladdening since he also held the portfolio in the 1980s in the Indira Gandhi Cabinet, presiding over perhaps the most regressive tax regime.
Thank you, Mr Laffer by Business Today More (New Delhi, India)
 
 
 
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