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| Laf·fer curve [ láffər kùrv ] (plural Laf·fer curves) |
noun |
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| Definition: |
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comparison of tax rates and revenue: a graph summarizing the fact that tax revenues are low for very high and for very low tax rates, thus demonstrating that raising tax rates beyond an optimum point will discourage investment and decrease tax revenues
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| [Late 20th century. After Arthur B. Laffer (b. 1942), U.S. economist] |
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