Laffer curve (redirected from Laffer curves)

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.]

Thesaurus

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