Economist Arthur Laffer famously pointed out that, in some cases, income tax revenue can actually go up

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Economist Arthur Laffer famously pointed out that, in some cases, income tax revenue can actually go up when tax rates go down. Why might this be the case?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 02:54 AM

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Economist Arthur Laffer famously pointed out that, in some cases, income tax revenue can actually go up

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Arthur Laffers argument is based on the concept of supplyside economics which suggests that reducing tax rates can stimulate economic growth leading t...View the full answer

Principles Of Economics

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