Laf·fer curve or Laf·fer Curve (l f  r)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]
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| Noun | 1. | 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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