Lecture 14. Tax System
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1. Tax system
2. Tax incidence
3. Economic deadweight loss caused by taxation
4. Laffer curve
5. Other tax-related topics
1. Tax system
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Figure. 6. Tax revenue curve by the size (rate) of taxation
⑵ Changes in economic deadweight loss and tax revenue as the size (rate) of taxation changes
Figure. 7. Changes in economic deadweight loss and tax revenue as the size (rate) of taxation changes
5. Other tax-related topics
⑴ Wiseman effect (Wiseman displacement effect)
① Definition : Taxes increased during crises such as war, through a “valve effect” (판막 효과), expand government finances and are used to launch new projects.
Entered: 2020.11.23 01:24