Tax Incidence by https://padlet.com/coreymichaud/lzpy2rbxasd2iero Corey Michaud en-us 2020-12-07 17:57:13 UTC 2020-12-07 19:49:06 UTC hello@padlet.com What it is coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995266369 Tax Incidence is the effect of a particular tax on the distribution of economic welfare. Tax Incidence can also be related to the price elasticity of supply and demand. This wall will include some videos, websites, and images related to Tax Incidence. ]]> 2020-12-07 18:06:42 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995266369 Video #1 coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995295374 This video talks about different types of taxes and what the government does to make money from taxes. It uses tax on milk as a example on how tax effects the sales of milk.

I chose this video because it talks about different types of taxes and what they effect and it also uses an example with a very common bought item and how it effects sales. One piece of information I found useful in the video is how the guy talks about different types of taxes and not just the one tax that's put on everything. ]]> 2020-12-07 18:12:22 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995295374 Website #1 coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995296405 This website tells a lot about tax incidence and what it is. It says what tax incidence is to how it works in different ways and in different examples. 

I chose this website because I think it includes a lot of helpful and important information about the topic and it explains well what tax incidence is. One piece of information that I found useful that I didn't find on other websites is there is a section that talks about the relation between price elasticity and tax incidence. 
]]> 2020-12-07 18:12:34 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995296405 Image #1 coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995297051 This image shows what Tax incidence is and what it represents. 

I chose this image because it gives a good idea of what happens in tax incidence and the changes of the supply curve.]]> 2020-12-07 18:12:42 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995297051 Image #2 coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995375493 This image shows a good example of the incidence of gas taxes and what happens.

I chose this image because I think its important to include a image of a tax incidence that happened.]]> 2020-12-07 18:27:44 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995375493 Website #2 coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995432060 This website talks about tax incidence and microeconomics and the relation between them. It gives a lot of examples of each. 

I chose this website because I like how it talks about microeconomics on the website also and how microeconomics is related to tax incidence. One piece of information I found on this website that I didn't find on other ones is that it talks about tax incidence but then it gives a quiz at the end of the information to quiz you on what you learned from the website which some people might find very useful. ]]> 2020-12-07 18:38:56 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995432060 Website #3 coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995468639 This website tells about some of the history behind tax incidence and how tax started and the first people who kind of discussed what taxes are and how they should work.

I chose this website because I think that it is important for people to know how tax incidence started and who created it. The history behind it is interesting. One piece of information that I found on this website and not others is it talks about the first people to discuss tax incidence and price elasticity. The first people to talk about tax analysis were French economists who were called the physiocrats. ]]> 2020-12-07 18:46:01 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995468639 Website #4 coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995526980 This website talks about the impact and incidence of taxes and how taxes effect the world and what they do for the world.

I chose this website because the impact of taxation is big and is important to talk about because it makes a big impact in economics. One piece of information I found useful on this website that I couldn't find on other ones is it talks about the difference between impact and incidence. I find that useful because not a lot of people know the difference between the two so its important to talk about. ]]> 2020-12-07 18:57:31 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995526980 Answers coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995592800 1. Something I learned about tax incidence that surprised me the most is how much it impacts economics and how it is essentially tax burden.

2. A real-life example of tax incidence being relevant is how when the government increases or decreases tax on items it can drastically effect the supply and demand of items.

3. I think the most important piece of information to pass onto someone is how its important to not invest in things with high tax due to the possibility of changes. ]]> 2020-12-07 19:10:21 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995592800 Video #2 coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995673559 This video talks about the areas of consumer surplus, producer surplus, tax revenue, and dead weight loss. It goes over all of those areas after each market was taxed.

I chose this video because I think its important to talk about all areas of economics that get effected by taxes and what taxes do to there buyers and sellers. One piece of information I found useful is how it talks about the effect on each area after each was taxed the same amount. ]]> 2020-12-07 19:26:48 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995673559 Video #3 coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995706669 This video talks about the impact of taxes using the supply and demand model. It goes over a lot of examples of different types of taxes and the fraction paid by the buyers of the product. 

I chose this video because it goes over a lot of examples of different types of taxes effecting buyers different ways and it shows the fraction of tax paid by the buyers in each example. One piece of information I found useful that isn't in other videos is how it goes to the fraction of tax paid by the buyers and how much more they pay with tax. ]]> 2020-12-07 19:34:07 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995706669 Video #4 coreymichaud https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995741864 This video talks about how a sales tax would effect producers and consumers in an example. The video shows how to measure each effect by showing the equation to use. 

I chose this video because it shows how to find the effect of sales tax by showing the equation and how to solve the equation which helps the viewers understand tax incidence better and what exactly tax incidence is. One piece of information I found in the video that isn't in other videos is the step by step walkthrough of how to do the equation of the effect of taxes. ]]> 2020-12-07 19:42:07 UTC https://padlet.com/coreymichaud/lzpy2rbxasd2iero/wish/995741864