|
Laffer curve - Wikipedia, the free encyclopedia
The Laffer curve is an economic concept used to illustrate the theory that increases in the rate of taxation do not necessarily increase tax revenue. The basic assumption is that both a 0% income ta...
en.wikipedia.org/wiki/Laffer_curve |
|
Arthur Laffer - Wikipedia, the free encyclopedia
Arthur Betz Laffer (pronounced /ˈlæfər/ ) (born August 14, 1940 in Youngstown, Ohio), is an American "supply-side" economist who became influential during the Reagan administration as a member ...
en.wikipedia.org/wiki/Arthur_Laffer |
|||
|
|
|||
|
|||
|
Laffer Curve Tax Revenue Rate Government Economics Increased Economy. ... The Laffer curve and supply side economics inspired the Kemp-Roth Tax Cut of 1981. Supply-side advocates of tax cuts claimed that lower tax rates would generate more revenue because government was operating on the right-hand side of the curve.
|
|||
|
The Laffer Curve, of course is the idea that the relationship between tax revenue and the tax rate is reverse-u shaped, with end points at 0 and 1. If tax rate is 0, then there's no tax revenue. If the tax rate is 1 (100%) then no one wants to work (legally) and hence no ... well in neoclassical economics it usually does,
|
|||
|
Steve Evans interviews supply-side Economist Art Laffer - notorious for the Laffer Curve - who typically flags up some of the perceived dangers of government borrowing during a recession. This link takes you to the audio of the interview ... GCSE Economics Board:
|
|||
|
This web-site is about economics, this page is about and ... May 15, 2003 -- William Raspberry doesn't seem to understand basic economics. I'm sure that he has heard of the "Laffer Curve," which postulates if you tax people...
|
Copyright © 2009, Dictionary.com, LLC. All rights reserved.