International Finance

Tag : explain laffer curve

Economy

Laffer Curve

The “Laffer Curve” is a theoretical curve showing the relationship between applied income tax rate and the resulting government revenue. The term “ Laffer Curve” was coined by Jude Wanniski (former associate editor of the The Wall Street Journal) in 1978 when Wanniski penned an article named “Taxes, Revenues and the Laffer Curve”. In December...