Reaganomics the tax rate cuts would more than cover any increases in federal debt, was influenced by a theoretical taxation model based on the elasticity of tax rates, known as the Laffer curve. Arthur Laffer's model predicts that excessive tax rates actually reduce potential tax revenues, by lowering the incentive to produce; the model also predicts that insufficient tax rates (rates below the optimum level for a given economy) lead directly to a reduction in tax revenues. Reagan lifted remaining domestic petroleum price and allocation controls on January 28, 1981, and lowered the oil windfall profits tax in August 1981. He
Laffer, South Australia which was conducted in August 2016 reports that Laffer had a population of 48 people. Laffer is located within the federal division of Barker, the state electoral district of MacKillop and the local government area of the Tatiara District Council. Laffer, South Australia Laffer is a locality in the Australian state of South Australia located in the state’s south-east about south-east of the state capital of Adelaide and about west of the municipal seat in Bordertown. Its boundaries were created on 24 August 2000. Its name is derived from the cadastral unit of the Hundred of Laffer which it occupies