Laf'fer curve"

Pronunciation: (laf'ur), [key] Econ.
a relationship postulated between tax rates and tax receipts indicating that rates above a certain level actually produce less revenue because they discourage taxable endeavors and vice versa.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

Lafcadio's AdventuresLafitte
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