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Scenario to the concept of excess burden

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Reference no: EM132269240

Suppose your neighbor is willing to pay you $100 to do some home repairs for her. You would be willing to do the job for $80, so you strike a deal. Now suppose that the government levies a tax of $22 on all home repair transactions. You pack up your gear and leave your neighbor's home, because it is no longer worthwhile for you to do the job. As a result of you leaving the job, you do not have to pay the $22 tax. Relate this scenario to the concept of excess burden.

Reference no: EM132269240

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