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-(Figure: Tax Incidence) Use Figure: Tax Incidence.Producers are likely to bear more of the burden of an excise tax in the situations illustrated by panels:
General Partners
Individuals who jointly own and manage a partnership, assuming full liability for the partnership's debts and obligations.
Tenancy in Partnership
A form of co-ownership where partners in a business have rights to use property owned by the partnership.
Attachment
The act of taking a person’s property and bringing it into the custody of law.
UPA
Uniform Partnership Act, which is legislation adopted by several states to provide a standard for the governance of business partnerships, including the rights and duties of partners.
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