tax revenues

Arthur Laffer allegedly scribbled the idea for his now famous "Laffer Curve" allegedly showing a an inverse and direct relationship between income tax rates and taxable income. The now discredited theory held that lowering effective income tax rates actually led to an increase in taxable income.

Laffer curve

The Laffer Curve, which is a special case situation in economics where reducing taxes increases government revenues by stimulating the economy.

George Laffer died in 1933.