laffer curve Synonyms
No Synonyms and anytonyms found
laffer curve Meaning
laffer curve (n)
a graph purporting to show the relation between tax rates and government income; income increases as tax rates increase up to an optimum beyond which income declines
laffer curve Sentence Examples
- The Laffer curve demonstrates the relationship between tax rate changes and resulting tax revenue.
- According to the Laffer curve, there exists a point where increasing tax rates beyond a certain threshold can lead to decreased tax revenue.
- The optimal tax rate is the point on the Laffer curve where the government collects the maximum amount of tax revenue.
- The shape of the Laffer curve depends on various economic factors, such as the elasticity of demand for taxed goods and services.
- The Laffer curve is a theoretical model that has been used by governments to make decisions about taxation policy.
- Some economists argue that raising taxes can be beneficial if the economy is in a recession, as depicted by the Laffer curve.
- According to the Laffer curve, there is a trade-off between the desire to increase tax revenue and the potential negative impact on economic growth.
- The Laffer curve has been debated by economists since its inception, with some arguing that the optimal tax rate is lower than others suggest.
- The Laffer curve has been used to support the idea that cutting taxes can lead to increased economic growth and revenue in the long term.
- The Laffer curve remains a controversial topic, with differing opinions on its accuracy and applicability in various economic contexts.
FAQs About the word laffer curve
a graph purporting to show the relation between tax rates and government income; income increases as tax rates increase up to an optimum beyond which income dec
No synonyms found.
No antonyms found.
The Laffer curve demonstrates the relationship between tax rate changes and resulting tax revenue.
According to the Laffer curve, there exists a point where increasing tax rates beyond a certain threshold can lead to decreased tax revenue.
The optimal tax rate is the point on the Laffer curve where the government collects the maximum amount of tax revenue.
The shape of the Laffer curve depends on various economic factors, such as the elasticity of demand for taxed goods and services.
