from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A curved graph that illustrates the theory that, if tax rates rise beyond a certain level, they discourage economic growth, thereby reducing government revenues.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun 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
from The American Heritage® Dictionary of the English Language, 4th Edition
[After Arthur Laffer, (born 1940), American economist.]
Sorry, no example sentences found.