Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:category |
macroeconomics
|
| gptkbp:criticizedFor |
many economists
|
| gptkbp:describes |
relationship between tax rates and tax revenue
|
| https://www.w3.org/2000/01/rdf-schema#label |
Laffer Curve
|
| gptkbp:implies |
tax rates above a certain point decrease revenue
tax rates below a certain point increase revenue |
| gptkbp:influenced |
gptkb:Reaganomics
supply-side economics |
| gptkbp:introducedIn |
1970s
|
| gptkbp:namedAfter |
gptkb:Arthur_Laffer
|
| gptkbp:proposedBy |
gptkb:Arthur_Laffer
there is an optimal tax rate that maximizes revenue |
| gptkbp:relatedTo |
economic growth
tax evasion government revenue tax avoidance marginal tax rate |
| gptkbp:usedIn |
gptkb:government
gptkb:tax_law |
| gptkbp:visualizes |
bell-shaped curve
|
| gptkbp:bfsParent |
gptkb:The_J_Curve
|
| gptkbp:bfsLayer |
6
|