what-does-the-downward-slope-of-the-laffer-curve-suggest-about-tax-rates-and-rev

Question

What does the downward slope of the Laffer Curve suggest about tax rates and revenue?

Accepted Answer

Higher tax rates can lead to lower tax revenue.

Answer

Higher tax rates always lead to higher tax revenue.

Answer

Lower tax rates always lead to lower tax revenue.

Answer

Tax rates have no impact on tax revenue.