The welfare cost of taxation is identical to the excess burden of taxation.

Name: The welfare cost of taxation is identical to the excess burden of taxation.
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The welfare cost of taxation is also known as the deadweight loss or the excess burden of taxation. This represents the loss in overall welfare (consumer and producer surplus) that occurs when a tax is implemented, due to the distortion of market behavior caused by the tax. Therefore, the two terms are essentially synonymous.

The Welfare Cost of Taxation Is Identical to the Excess