[PAR] [TLE] Arthur Laffer [SEP] Arthur Betz Laffer ( ; born August 14, 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89).  Laffer is best known for the Laffer curve, an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments.  He is the author and co-author of many books and newspaper articles, including "Supply Side Economics: Financial Decision-Making for the 80s".  Laffer is Policy Co-Chairman (with Lawrence "Larry" Kudlow) of the Free Enterprise Fund and serves on the "Board of Scholars" of the American Legislative Exchange Council (ALEC).  Mr Laffer was one of four economists who acted as advisors to Donald Trump's successful 2016 campaign for the presidency of the United States. [PAR] [TLE] Laffer curve [SEP] In economics, the Laffer curve illustrates a theoretical relationship between rates of taxation and the resulting levels of government revenue.  It illustrates the concept of taxable income elasticity—i.e., taxable income changes in response to changes in the rate of taxation.  The Laffer curve assumes that no tax revenue is raised at the extreme tax rates of 0% and 100%, and that there is a rate between 0% and 100% that maximizes government taxation revenue.  The Laffer curve is typically represented as a graph that starts at 0% tax with zero revenue, rises to a maximum rate of revenue at an intermediate rate of taxation, and then falls again to zero revenue at a 100% tax rate.  However, the shape of the curve is uncertain and disputed among economists.
[PAR] [TLE] Arthur Laffer [ SEP ] Arthur Betz Laffer ( ; born August 14 , 1940 ) is an American economist who first gained prominence during the Reagan administration as a member of Reagan 's Economic Policy Advisory Board ( 1981–89 ) . Laffer is best known for the Laffer curve , an illustration of the theory that there exists some tax rate between 0 % and 100 % that will result in maximum tax revenue for governments . He is the author and co - author of many books and newspaper articles , including " Supply Side Economics : Financial Decision - Making for the 80s " . Laffer is Policy Co - Chairman ( with Lawrence " Larry " Kudlow ) of the Free Enterprise Fund and serves on the " Board of Scholars " of the American Legislative Exchange Council ( ALEC ) . Mr Laffer was one of four economists who acted as advisors to Donald Trump 's successful 2016 campaign for the presidency of the United States . [PAR] [TLE] Laffer curve [ SEP ] In economics , the Laffer curve illustrates a theoretical relationship between rates of taxation and the resulting levels of government revenue . It illustrates the concept of taxable income elasticity — i.e . , taxable income changes in response to changes in the rate of taxation . The Laffer curve assumes that no tax revenue is raised at the extreme tax rates of 0 % and 100 % , and that there is a rate between 0 % and 100 % that maximizes government taxation revenue . The Laffer curve is typically represented as a graph that starts at 0 % tax with zero revenue , rises to a maximum rate of revenue at an intermediate rate of taxation , and then falls again to zero revenue at a 100 % tax rate . However , the shape of the curve is uncertain and disputed among economists .
Arthur Laffer is best know for a curve that illustrates a theoretical relationship between what?
Arthur Laffer is best know for a curve that illustrates a theoretical relationship between what ?
rates of taxation and the resulting levels of government revenue
rates of taxation and the resulting levels of government revenue