The Laffer Curve illustrates the relationship between tax rates and tax revenue.
✓ TRUE FACT
The curve proposes that at 0% tax, revenue is $0, and at 100% tax, revenue also tends toward $0 because incentives collapse. The debate is where the peak sits (the “revenue-maximizing” rate), which can vary by country, tax type, and compliance.
🤯 "The Laffer Curve illustrates the relationship between tax rates and tax revenue. Politicians use it mostly as modern art."