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Laffer Curve is the more general concept. http://en.wikipedia.org/wiki/Laffer_Curve http://en.wikipedia.org/wiki/Laffer_Curve
by gsmaverick 16y ago
Laffer Curve is the more general concept. http://en.wikipedia.org/wiki/Laffer_Curve http://en.wikipedia.org/wiki/Laffer_Curve
- kenjackson 16y agoThe Laffer Curve also says that there is an optimal tax rate for which tax revenue will be maximized. It doesn't say that reducing taxes increases revenue, as this requires the tax rate to be sufficiently high that it is higher than the optimal tax rate.