Laffer curve would raise taxable income enough so that the annual total tax revenue would be higher within five years than without the tax cut", none of the economists surveyed agreed and 71% disagreed. One of the conceptual uses of the Laffer curve is to determine the rate of taxation that will raise the maximum revenue (in other words, "optimizing" revenue collection). The revenue maximizing tax rate should not be confused with the optimal tax rate, which economists use to describe tax rates in a tax system that raises a given amount of revenue with the least distortions to the economy. The
Notional election results local government wards, and it is the results from local government elections that are the primary source used to calculate notional results at a constituency level. Professors Colin Rallings and Michael Thrasher of Plymouth University have been involved in calculating notional results for general elections since 1992 where periodic boundary changes have taken place. The data compiled from their work has been used by several prominent media companies including television channels for the purposes of comparing one general election result to the last. Notional results have their limitations in that voting patterns may well have been different had new boundaries