Laffer-curve
[laf-er] /ˈlæf ər/
noun, Economics.
1.
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.
/ˈlæfə/
noun
1.
(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
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