Examlex
In drafting, always write in the passive voice.
Tax Incidence
The study of the effect of a particular tax on the distribution of economic welfare, focusing on who ultimately pays the tax (the burden of the tax).
Consumers
Individuals or groups that purchase goods and services for personal use and are the end users in the distribution chain.
Tax Incidence
Examining how a specific tax impacts the allocation of economic well-being among different stakeholders.
Producers
Individuals or businesses involved in the creation of goods or services intended for distribution and sale.
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