Laffer Curve - Assignment Point
Laffer Curve
Subject: Economics | Topics:

The Laffer curve is represented as a new graph which will begin at 0% taxes with zero revenue, rises to a new maximum rate associated with revenue at a great intermediate rate associated with taxation, and then falls again to zero revenue in a 100% tax pace. The shape with the curve is uncertain and disputed. One potential reaction to the Laffer curve contour is that raising tax rates beyond some point will always be counter-productive for rearing further tax revenue. A hypothetical Laffer curve for any economy can be approximated and such rates are controversial.

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