Enter a word or phrase in any language 👆
Language:
Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
What (who) is Laffer curve - definition
Laffer curve
![[[Arthur Laffer]]](https://commons.wikimedia.org/wiki/Special:FilePath/Arthur Laffer 2019.jpg?width=200 "[[Arthur Laffer]]")
A REPRESENTATION OF THE RELATIONSHIP BETWEEN TAXATION AND GOVERNMENT REVENUE
Laffer Curve; Khaldun-Laffer Curve; Laffo curve; Taxable income elasticity; Lafer curve; Laugher curve; Laughter curve
In economics, the Laffer curve illustrates a theoretical relationship between rates of taxation and the resulting levels of the government's tax revenue. The Laffer curve assumes that no tax revenue is raised at the extreme tax rates of 0% and 100%, and that there is a tax rate between 0% and 100% that maximizes government tax revenue.
Laffer curve
A REPRESENTATION OF THE RELATIONSHIP BETWEEN TAXATION AND GOVERNMENT REVENUE
Laffer Curve; Khaldun-Laffer Curve; Laffo curve; Taxable income elasticity; Lafer curve; Laugher curve; Laughter curve
['laf?]
¦ noun Economics a supposed relationship between economic activity and the rate of taxation which suggests that there is an optimum tax rate which maximizes revenue.
Origin
1970s: named after the American economist Arthur Laffer.
George Laffer
SOUTH AUSTRALIAN POLITICIAN (1866-1933)
George Richards Laffer; Laffer, George; George R. Laffer
George Richards Laffer (14 September 1866 – 7 December 1933) was an Australian politician. He was member of the South Australian House of Assembly from 1913 until 1933, representing the electorate of Alexandra for the Liberal Union, and its successors the Liberal Federation and Liberal and Country League.
Examples of use of Laffer curve
1. So the flat taxers then deploy the Laffer curve (a back–of–the–envelope job from Arthur Laffer, an economist much lauded in the Reagan White House) and claim that cutting taxes will make us all work harder, earn more and – eventually – boost the Treasury‘s take.