We can describe who bears the burden of any sort of tax by using the concept of:

Question

Quizplus · Accepted Answer

Incidence refers to the distribution of the burden of a tax among different groups. It takes into account factors such as elasticity of demand and supply and market competitiveness to determine who ultimately bears the burden of the tax. Marginal burden and marginal tax rate are related concepts, but they only describe the rate at which a tax is applied to each additional unit of income or consumption. Payee, on the other hand, simply refers to the person or entity who is legally responsible for paying a tax.

We Can Describe Who Bears the Burden of Any Sort