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单词 Laffer curve
释义

Laffer curve

/ˈlafə /
noun Economics
A supposed relationship between economic activity and the rate of taxation which suggests that there is an optimum tax rate which maximizes tax revenue.The theory of supply side economics and the Laffer curve drove federal marginal tax rates from 91% in 1963 down to 28% when Ronald Reagan left office....
  • Changes in tax rates shift the Laffer curves of competing tax jurisdictions.
  • Another area where the 1990s have proved supportive of progressive economics concerns supply-side economics and the Laffer curve.

Origin

1970s: named after Arthur Laffer (born 1942), American economist.

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更新时间:2024/12/23 20:18:49