Laffer curve

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  • noun

Words related to Laffer curve

a graph purporting to show the relation between tax rates and government income

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The Laffer curve is related to the trade-off between distribution (how the pie is shared) and efficiency (the size of the pie) in two ways: First, if the tax rate to be chosen affects very high earners (whose well-being is not very sensitive to small changes in after-tax earnings), then the revenue-maximizing tax rate approximately coincides with the socially optimal tax rate (i.
Fortunately for the country, Roosevelt was talked out of what would have been a disastrous test of the Laffer curve.
Once tax levels are in the prohibitive range of the Laffer Curve, tax revenues will fall.
Today's Republicans tend to take pleasure when the Laffer Curve is vindicated and more money flows into government as a result of tax cuts.
This is reflected in the declining slopes of the tangents to the Laffer curve as the tax rate increases from t (1) to t (2) to t (3).
When you make your main claim in the introduction that your paper "reveals a relationship" between the Laffer Curve and the dynamics of hedge funds, I'm not quite sure if you're saying that the Laffer Curve helps explain how hedge funds operate, or if you're saying that examining hedge funds tells us something about the concept of the Laffer curve.
He contends that the Laffer curve was just a back bending supply curve, and that the Reagan tax cuts which were based on it were failures.
Suppose we are on the upper part of the Laffer curve.
The Laffer Curve is also popularly associated with Republican politicians.
Professor Arthur Laffer, of Laffer Curve fame, argues that taxation is the single greatest destroyer of motivation.
It is this trade-off between tax revenues and tax rates that economists call the Laffer Curve.
The Laffer curve asserts that decreasing tax rates can produce increased tax revenues, and is one of the key justifications for tax competition.
Exponents of supply-side, Laffer curve, small government economics have lost the battle (whether temporarily or permanently remains to be seen) and Keynsians have the field.
This was the underlying premise of the Laffer curve of the Ronald Reagan era and Stigler's point of view as well: "Income of the poor cannot be increased without impairing incentives.
Mr Blue Clydesider also claims that the Laffer Curve theory shows that increasing top tax rates actually raises less tax.