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Laffer Curve

Laffer Curve

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What Does Laffer Curve Mean?Posted on April 08th, 2010 in GeneralInvented by Arthur Laffer, this curve shows the relationship between tax rates and tax revenue collected by governments.

The chart below shows the Laffer Curve:The curve suggests that, as taxes increase from low levels, tax revenue collected by the government also increases..

Source: http://www.ecurrentaffairs.com/0305849.html
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