The Laffer Curve is a mathematical shape that shows the relationship between tax rates and the revenue governments collect from those taxes. The Laffer Curve is shaped like an upside down U. The Laffer Curve is not fixed, however.
Laffer Curve
Definition: The Laffer curve is named after Professor Art Laffer who suggested that as taxes increased from fairly low levels, tax revenue received by the government would also increase.
Laffer curve
Legend has it that in November 1974 Arthur Laffer, a young economist, drew a curve on a napkin in a Washington bar, linking AVERAGE tax rates to total tax revenue.
Laffer curve
A curve conjecturing that economic output will increase if marginal tax rates are cut. Named after economist Arthur Laffer.
Lag ...
Laffer Curve
curve showing how tax receipts vary with the tax rate.
Phillips Curve ...
Laffer curve - A graphical representation of the relationship between tax rates and total tax revenues raised by taxation.
Lagging indicators - Series of indicators that follow or trail behind aggregate economic activity.
LAFFER CURVE: The graphical inverted-U relation between tax rates and total tax collections by government.
Laffer Curve
National tax policy
Profit Before Tax - PBT
Refundable Credit
Registered Retirement Savings Plan - RRSP ...
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 Laffer Curve
Show that tax revenues can actually increase when tax rates are cut.
Classic Economic Models ...
The Laffer curve posits that there is a revenue-maximizing tax rate beyond which revenue falls, so if the tax rate is above this level, cutting taxes paradoxically increases revenue.
Laffer Curve
An inverse-U-shaped curve representing tax revenue as a function of the tax rate, attributed to Arthur Laffer.
Laffer Curve A curve assuming that for a given economy, there exists an optimal income tax... laggard A stock that is underperforming. lagging indicator An economic indicator that changes after the overall economy has changed.
After the emergence of supply-side economics, economists using Supply Side Theory began advocating a flat-tax system, most prominently Arthur Laffer developer of the Laffer Curve, and Jude Wanniski who coined the term "supply side economics".
Championed in the late 1970s by Professor Arthur Laffer (see laffer curve and others, the theory held that marginal tax rates had become so high (primarily as a result of big government) that major new private spending on plant, equipment, ...
Price effect Â- Excess burden
Tax incidence
Laffer curve Â- Optimal tax
Collection ...
Strategy in which a third party poses as a white knight in a takeover bid, and then joins forces with an unfriendly bidder.
Laffer curve ...
Indeed, economist Arthur Laffer (of 'Laffer curve' fame) popularized the notion that higher tax rates may actually cause the tax base to shrink so much that tax revenues will decline, ...
Arthur Laffer and his "Laffer curve" doctrine became the heart of the economic programs of Ronald Reagan's presidency, during which tax rates were cut substantially.
 See also: Expense, Population, Administration, Funding, Banks
  
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