《财政学教学资料》Taxation and Income Distribution（2003版）.pptVIP

Company Name At the time the tax is imposed (not collected), the price of the land falls by the present value of all future tax payments, a process known as capitalization. Company Name The person who bears the full burden of the tax forever is the landlord at the time the tax is levied. Future landlords write the checks to the tax authority, but these payments are not a “burden” because they paid a lower price for the land from the current landlord. Company Name Company Name General equilibrium model Looking at one particular market may be insufficient when a sector is large enoug