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This document provides an overview of economics of taxation. It defines taxes as compulsory, unrequited payments made to the government. Taxes are classified in several ways, including direct vs indirect taxes, depending on whether they are paid directly by individuals or collected from another entity. Direct taxes allow for more equal tax burden distribution but have higher collection costs, while indirect taxes are easier to collect but can impose higher burden on poorer individuals. Taxes can also be pro

Author

Shivendra Prakash

Language

EN