4 ms·
Tax incidence likely means it doesn’t matter who the nominal payer of the tax is. In the present situation even though the renter pays 100% nominally they might
by benmmurphy 3y ago
Tax incidence likely means it doesn’t matter who the nominal payer of the tax is. In the present situation even though the renter pays 100% nominally they might not be paying 100% of the incidence and vice versa if the nominal tax fell on the owner.