According to the Laffer Curve

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According to the Laffer Curve, there may exist two tax rates that deliver the same level of tax revenue, meaning that increasing taxes can eventually lead to a decrease in tax revenue. This concept is based on the idea that as tax rates increase, people may be incentivized to avoid or evade paying taxes, leading to a decrease in taxable activity and therefore a decrease in revenue. Likewise, decreasing tax rates can stimulate economic activity and ultimately lead to higher levels of tax revenue. Therefore, there is not a unique tax rate for each level of revenue, as multiple tax rates can achieve the same result.