Flip It Taxes Notes - \u25cf \u25cf \u25cf \u25cf \u25cf Excise Taxes an excise tax is simply a tax on a unit of a specific good \u25cb An excise tax typically imposes a

Flip It Taxes Notes - u25cf u25cf u25cf u25cf u25cf...

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Excise Taxes- an excise tax is simply a tax on a unit of a specific goodAn excise tax typically imposes a burden on both sellers and buyers regardless of which side is legally responsible to pay the tax because buyers have to pay higher prices and sellers have to receive lower revenue per unitAn excise tax impacts market efficiency by reducing a quantity of goods sold in a marketThe tax reduces the quantity by a much smaller amount, allowing the government to

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