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Tax Incidence
The study of who ultimately pays the tax or bears the burden of tax, which can differ from the entity that initially pays the tax.
Total Burden
The complete impact, often in terms of costs or taxes, borne by society or specific groups within it.
Consumer Surplus
The disparity between what consumers are prepared and able to spend for a product or service and the actual amount they end up paying.
Property Tax
A tax assessed on real estate by the local government, based on the property's value.
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