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BTW, I saw a calculation the other day that the theoretical peak of the Laffer curve is at 33% of income, for taxes from all sources.

That sounds about right...intuitively correct. At 33%, if you go higher, then you start markedly affecting the opportunistic cost of working as you edge towards 50% and higher, thus affecting the value of working. If you go lower than 33%, you don't vastly increase the rewards for working, but you start bumping up against the mathematical reality of cutting too small of a percentage out of the income pie.

But remember, the maximum wealth creation (not max tax receipts to gov't) occurs at a much lower rate.
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