[ad_1] Tax incidence determines which group ultimately pays a tax, with the burden often passed on through economic layers. The true payer of the tax is usually the group that pays the most, which can be the retailer or customer for commercial products. However, in some cases, such as with perishable goods or local taxes, […]

[ad_1] Tax incidence determines which group pays a tax, with some taxes passed on to other groups. Each step in the chain adds to the tax burden, with one group usually paying the majority. Corporate product taxes often fall on retailers or customers, but in some cases, the burden may occur further up the chain. […]