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单词 deadweight loss of taxation
释义

deadweight loss of taxation

Definition
The effect of tax surcharges on supply and demand and their influence on production and people's purchasing behavior. Surcharges that lead to a decrease in the price received by producers and an increase in the price paid by consumers which ultimately result in a decrease in tax revenue due to market shrinkage. Also called excess burden.
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更新时间:2025/1/23 3:58:26