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What is the difference between statutory incidence and economic incidence? Group of answer choices Statutory incidence falls on who is legally responsible for the tax,
What is the difference between statutory incidence and economic incidence?
Group of answer choices
Statutory incidence falls on who is legally responsible for the tax, and economic incidence falls on whomever loses income due to the tax
The Laffer Curve
Statutory incidence falls on who is socially responsible for the tax, and economic incidence falls on whomever gains income due to the tax
Statutory incidence relies on the benefit principle, and economic incidence uses ability to pay
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