In this video we cover taxes and tax revenue and subsidies on goods. We discuss commodity taxes, including who pays the tax and lost gains from trade, also called
In this video we cover taxes and tax revenue and subsidies on goods. We discuss commodity taxes, including who pays the tax and lost gains from trade, also called deadweight loss. We’ll take a look at the tax wedge and apply what we learn to the example of Social Security taxes.
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The Affordable Care Act (ObamaCare) includes a wide variety of new commodity taxes on tanning beds, medical devices, drugs, insurance, hospital services, etc. in order to raise the extra trillion dollars in patient care subsidies over the next decade. Who pays the tax, the medical device maker or the patient that pays higher premiums and co-payments for his hip replacement? THANK YOU FOR A GREAT SERIES!!!
Thank you for the most excellent supply of knowldge. I started the course with opportunity cost of rest of my studies, moved drastically on my knowledge curve with a positive trend and just experienced a shock when the screen showed me "coming soon". Currently, I am on X axes and waiting and wishing. Could you please let us know when we will be back on the curve, it is pretty scarce around here.