The Laffer Curve |
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| Author:
| Walshaw, Tim |
| ISBN: | 978-0-6487689-4-4 |
| Publication Date: | Oct 2020 |
| Publisher: | Timothy J. Walshaw
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| Book Format: | Ebook |
| List Price: | AUD $5.00 |
Book Description:
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This book describes the Laffer Curve, and how to derive results from it. The Laffer Curve relates increasing tax rates to rising, then falling, tax revenues. The Laffer Curve can best be described as an inverted 'U' drawn on a chart, where the 'y' axis is the total tax revenue, and the 'x' axis is the average tax rate. Conceptually then, tax revenue rises to a peak as the average tax rate rises, and then falls as the average tax rate continues to rise. At some point, tax revenue is...
More DescriptionThis book describes the Laffer Curve, and how to derive results from it. The Laffer Curve relates increasing tax rates to rising, then falling, tax revenues. The Laffer Curve can best be described as an inverted 'U' drawn on a chart, where the 'y' axis is the total tax revenue, and the 'x' axis is the average tax rate. Conceptually then, tax revenue rises to a peak as the average tax rate rises, and then falls as the average tax rate continues to rise. At some point, tax revenue is again zero. The knowledge of the Laffer Curve's existence and values are crucial to a measure of the limits on the ability for particular countries to raise taxes - or even survive and stay solvent. This book describes how to estimate the Laffer Curve, and derive useful policy conclusions from that information.