[laf-er] /ˈlæf ər/
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.
(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
[lah-feet] /lɑˈfit/ noun 1. Jean [zhahn] /ʒɑ̃/ (Show IPA), c1780–c1825, French privateer in the Americas.
- Lafora body
Lafora body La·fo·ra body (lə-fôr’ə) n. An intraneuronal inclusion body composed of acid mucopolysaccharides, seen in familial myoclonic epilepsy.
- La Fontaine
[French la fawn-ten] /French la fɔ̃ˈtɛn/ noun 1. Henri [French ahn-ree] /French ɑ̃ˈri/ (Show IPA), 1854–1943, Belgian statesman: Nobel Peace Prize 1913. 2. Jean de [zhahn duh] /ʒɑ̃ də/ (Show IPA), 1621–95, French poet and fabulist. /French la fɔ̃tɛn/ noun 1. Jean de (ʒɑ̃ də). 1621–95, French poet, famous for his Fables (1668–94)
- Lafora body disease
Lafora body disease n. See myoclonus epilepsy.