Laffer Curve Hear it!

Laffer Curve definition

☆ Laf·fer Curve (laf′ər)

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

Etymology: after A. Laffer (1940-), U.S. economist, its originator

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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