The Laffer Curve Is Based Upon the Idea That

The Laffer curve is based upon the idea that

A) the higher the tax rate the greater the tax receipts.
B) high tax rates may yield less tax revenue than lower tax rates.
C) the lower the tax rate the greater the tax receipts.
D) income taxes are inefficient because tax reform has made it more difficult to legally avoid taxation.
E) Income taxes are a poor source of federal tax revenuE.