Description: What is the maximum possible average tax rate before tax revenue begins to decline? This is described by the Laffer Curve. On a chart where the 'x' axis is the average tax rate and the 'y' axis is the total tax revenue, you can draw an upside down curve that has a peak at some point. Past that point, tax revenue declines. There is no dispute among economists about the correctness of this theory. The dispute among economists is whether the Laffer Curve exists in practice. This book estimates a mathematical formula for the Laffer Curve, and with that, estimates the maximum possible average tax rate for the USA at a certain date. This information is very useful for policy purposes.
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EAN: 9780648768913
UPC: 9780648768913
ISBN: 9780648768913
MPN: N/A
Book Title: The Laffer Curve by Walshaw, Tim
Item Length: 22.9 cm
Publisher: Tim Walshaw
Publication Year: 2020
Subject: Economics
Item Height: 229 mm
Number of Pages: 68 Pages
Language: English
Publication Name: The Laffer Curve
Item Weight: 263 g
Type: Textbook
Author: Tim Walshaw
Item Width: 152 mm
Format: Hardcover
