Laffercurve

Laffercurve
Laf·fer curve or Laf·fer Curve (lăfʹər) n.
A curved graph that illustrates the theory that, if tax rates rise beyond a certain level, they discourage economic growth, thereby reducing government revenues.
  [After Arthur Laffer (born 1940), American economist.]

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Universalium. 2010.

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