Identify the Following Term(s)

question 42

Short Answer

Identify the following term(s).
-Cyrus

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Definitions:

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare, essentially focusing on who ultimately bears the cost of a tax.

Taxes Collected

The total amount of money garnered by a government through the imposition of taxes.

Corporate Income Tax

A tax imposed by a government on the income earned by companies.

Horizontal Equity

The principle that individuals with similar income or resources should be treated equally by the tax system.