The Laffer curve shows that as tax rates rise, tax revenue:

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The Laffer curve illustrates the relationship between tax rates and tax revenue. When tax rates are low, an increase in tax rates will result in an increase in tax revenue. However, as tax rates continue to rise, there eventually comes a point where tax revenue begins to decline as higher tax rates discourage work and investment, thus shrinking the tax base. Therefore, as tax rates rise, tax revenue first rises and then falls.

The Laffer Curve Shows That as Tax Rates Rise, Tax