Tax Burden

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August 31, 2024 5 min read Definitions

Tax Shifting: Economic Dynamics of Shifting Tax Burdens

Economics Finance Tax Shifting Economic Agents Elasticity Tax Burden Public Finance

The concept of tax shifting involves transferring the burden of a tax from one economic agent to another, influenced by the elasticity of demand and supply. It explains how taxes affect prices and who ultimately bears the cost.

August 25, 2024 4 min read Definitions

Incidence of Tax: The Distribution of the Tax Burden

Economics Finance Tax Taxation Economic Policy Tax Burden Public Finance

The Incidence of Tax refers to the distribution of the burden of paying a tax. For instance, smokers bear the incidence of tobacco taxes.