Laffer Curve: Explaining Taxation, Theoretically
Monday, June 14th, 2010The Laffer Curve is an graphic representation of the theory of Taxable Income Elasticity. It was more proposed by Jude Wanniski in the 1970s, yet it is still names after Arther Laffer, a supply-side economist who the work was all based off of. Translation for the rest of us: The Laffer Curve tells the government [...]