Laffer Curve — ☆ Laffer Curve [laf′ər ] n. [after A. Laffer (1940 ), U.S. economist, its originator] [also L c ] a graph illustrating a theory which maintains that increasing tax rates beyond a certain point causes a reduction in government revenues by… … English World dictionary
Laffer curve — In economics, the Laffer curve is used to illustrate the idea that increases in the rate of taxation may sometimes decrease tax revenue. Since a 100 percent income tax will generate no revenue (as citizens will have no incentive to work), the… … Wikipedia
Laffer Curve — Invented by Arthur Laffer, this curve shows the relationship between tax rates and tax revenue collected by governments. The chart below shows the Laffer Curve: The curve suggests that, as taxes increase from low levels, tax revenue collected by… … Investment dictionary
Laffer curve — /laf euhr/, Econ. 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. [1975 80; named after Arthur Laffer … Universalium
Laffer curve — [ lafə] noun Economics a supposed relationship between economic activity and the rate of taxation which suggests that there is an optimum tax rate which maximizes revenue. Origin 1970s: named after the American economist Arthur Laffer … English new terms dictionary
Laffer Curve — /ˈlæfə kɜv/ (say lafuh kerv) noun a theory which states that above a certain point tax rates produce less revenue rather than more because they discourage taxable activities, and vice versa. {named after Arthur Laffer, born 1940, US economist who …
laffer curve — 1980s economic idea, espoused by Arthur Laffer, suggesting that lowering marginal tax rates stimulates increases in output thereby increasing government tax revenue. See also supplyside economics, dynamic scoring … American business jargon
Laffer curve — / læfə kɜ:v/ noun a chart showing that cuts in tax rates increase output in the economy. Alternatively, increases in tax rates initially produce more revenue and then less as the economy slows down … Dictionary of banking and finance
Laffer curve — noun 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 • Hypernyms: ↑graph, ↑graphical record … Useful english dictionary
the Laffer Curve — UK US noun [S] ► ECONOMICS, GOVERNMENT the theory that if a country s tax rates are low, the amount of money collected by the government will increase, because companies will be encouraged to invest and do business in that country: »According to… … Financial and business terms
