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Detail the Wilmot Proviso. What impact did it have on the debate over slavery?
Incidence
The measure or manner in which economic burdens or benefits are distributed among participants in a market.
Gasoline
A volatile flammable liquid derived from petroleum, used mainly as fuel in internal combustion engines.
Tax Levied
A compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Tax Incidence Analysis
The study of who bears the burden of taxes, in terms of economic impact and how it affects different market participants.
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