What is the revenue-maximizing tax rate according to the Laffer Curve?

What is the revenue-maximizing tax rate according to the Laffer Curve?

According to the Laffer Curve, the revenue-maximizing tax rate is the point at which tax revenue is maximized before it starts to decline. This point is typically believed to be somewhere between the tax rates of 50-70%, although the exact rate can vary depending on various factors such as the elasticity of taxable income and the specific economic conditions of a country.