Examlex
Separate accounts are kept for each type of earnings deduction.
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare, indicating who ultimately bears the burden of the tax.
Tax Burden
The tax burden refers to the total amount of taxes that individuals, businesses, or other entities must pay, expressed as a percentage of income or GDP.
Tax Burden
The overall impact of taxes on an individual's, corporation's, or economy's financial performance and well-being.
Tax Imposed
A financial charge or levy instituted by governmental authorities on individuals, transactions, or properties to generate revenue.
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