the u.s. tax burden is a. about the same as most european countries. b. higher than most european countries. c. lower than most european countries. d. higher than all european countries.

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01-12-2022
Business

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the u.s. tax burden is a. about the same as most european countries. b. higher than most european countries. c. lower than most european countries. d. higher than all european countries.

Sagot :

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Tundexi Tundexi · Answer 1 · 2022-12-07T05:43:53-05:00

Compared to most European countries, the U.S. tax burden is lower than most European countries. The Option C is correct.

What is a tax burden?

In economics, a tax burden is also known as a tax incidence, which means the effect of a particular tax on the distribution of economic welfare.

The tax burden measures true economic weight of the tax, which is measured by the difference between real incomes or utilities before and after imposing the tax taking into account how the tax leads prices to change. For instance, if 10% tax is imposed on sellers of butter, but the market price rises 8% as a result, most of the burden is on buyers, not sellers.

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What is a tax burden?

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