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Schachter and Singer's cognitive theory states that physiological arousal:
Excise Tax
An indirect tax charged on the sale of a particular good, usually intended to discourage use of the good or to raise revenue.
Tax Incidence
The degree to which a tax falls on a particular person or group.
Burden of a Tax
The economic impact of a tax on the welfare of buyers or sellers, often depending on the relative elasticities of demand and supply.
Taxable Income
The amount of an individual's or a company's income used to determine how much tax is owed to the government.
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