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Tax incidence can be separated into-
1. Formal incidence: the party liable to the tax 2. Informal incidence: party, who really pays the tax
The tax incidence is decided by the elasticity of demand and supply for a good or service.
fiduciary income calculation and other relevant calculations. Jack Green established the Jackson Trust by a gift in 1999. The trust instrument requires that the trustee (Fifth-Four
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income tax and its many types
case analysis on The Myth of Public Goods by Mark Davis (2010); the Journal of Libert
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disadvantages of indirect taxes
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