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....
Origin1970s: named after Arthur Laffer (born 1942), American economist. |
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