In economic theory, Raphael's law focuses on the relationship between tax rates and tax revenue levels. Raphael believes that in the process of raising tax revenue, there is an optimal tax rate. If it is lower than the optimal tax rate, tax revenue still has the potential to grow. If it is higher than the optimal tax rate, the economy will decline, causing tax revenue to decline. This is Raphael's law. The Raphael Curve reveals the relationship between tax rates and total tax revenue. Raphael's Law is a very good business theory, and it has made a great contribution to the collection of funds in many economic models.
Economics:
Economics is a discipline that studies various economic activities and various corresponding economic relationships of human society at various stages of development, as well as the laws of their operation and development. The core idea of ??economics is material scarcity and efficient use of resources, which can be divided into two main branches, microeconomics and macroeconomics. Economics originated from the early economics represented by Xenophon and Aristotle in Greece. Through the development of economists such as Adam Smith, Marx, and Keynes, economics has derived from evolutionary securities science, behavioral economics and other intersections. Fringe subjects.