Asked by Dominic Vojvoda on May 07, 2024
Verified
What are the three categories of the costs of taxes to taxpayers?
Costs Of Taxes
The economic burdens and inefficiencies that taxes impose on individuals and markets, including the distortion of consumer and producer behavior.
Taxpayers
Taxpayers are individuals or entities that are required to pay taxes to governmental bodies, based on earned income, property ownership, or other tax liabilities.
- Understand the costs associated with taxation and classify them into categories.
Verified Answer
WM
Wendy MendezMay 12, 2024
Final Answer :
the tax payment itself, deadweight losses, administrative burdens
Learning Objectives
- Understand the costs associated with taxation and classify them into categories.