Author Question: According to the Laffer curve, an increase in the tax rate will decrease tax revenue (Read 75 times)

altibaby · **on:** Apr 19, 2019

Question 1

According to the Laffer curve, a decrease in the tax rate will decrease tax revenue

◦ if the economy is on the positively sloped section of the curve.
◦ if the economy is on the negatively sloped section of the curve.
◦ if the economy is at the 100% tax rate point on the curve.
◦ no matter the location of the economy on the curve.

Question 2

According to the Laffer curve, an increase in the tax rate will decrease tax revenue

◦ if the economy is on the positively sloped section of the curve.
◦ if the economy is on the negatively sloped section of the curve.
◦ if the economy is at the 0% tax rate point on the curve.
◦ no matter the location of the economy on the curve.

durant1234 · **Reply #1 on:** Apr 19, 2019

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altibaby · **Reply #2 on:** Apr 19, 2019

Thank you!

durant1234 · **Reply #3 on:** Apr 19, 2019

Always glad to help...