laffer curve

Laffer curve

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Definitions of laffer curve words

noun laffer curve 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. 1
noun laffer curve 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 0
noun laffer curve a graph illustrating a theory which maintains that increasing tax rates beyond a certain point causes a reduction in government revenues by discouraging production and investment 0

before 1975

One of the 1% newest English words

1975-80; named after Arthur Laffer (born 1940), U.S. economist, who postulated it

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This term is known only to a narrow circle of people with rare knowledge. Only 6% of English native speakers know the meaning of this word.

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