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Taxes reduce taxpayers income. As a result, taxpayers have less for personal goods and services, savings, and investments. The more services the government provides, the more taxpayers have to pay for them.
There are two main economic effects of a tax: a fall in the quantity traded and a diversion of revenue to the government. A tax causes consumer surplus and producer surplus (profit) to fall..
Bruce Nelson - Editor In Chief - Editor-in-Chief of the Journal of State Taxation and seminar speaker for the AICPA and CSCPA | LinkedIn. Bruce Nelson - Editor In Chief - LinkedIn linkedin.com linkedin.com
1. Impact refers to the initial burden of the tax, while incidence refers to the ultimate burden of the tax. 2. Impact is at the point of imposition, incidence occurs at the point of settlement.
Journal of Taxation latest impact IF is 0.10. Its evaluated in the year 2022. Journal of Taxation - Impact Factor (IF), Overall Ranking, Rating, h resurchify.com impact details resurchify.com impact details

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Impact IF 2022 of World Tax Journal is 0.53.

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