{"type":"standard","title":"Tax wedge","displaytitle":"Tax wedge","namespace":{"id":0,"text":""},"wikibase_item":"Q369135","titles":{"canonical":"Tax_wedge","normalized":"Tax wedge","display":"Tax wedge"},"pageid":1632834,"thumbnail":{"source":"https://upload.wikimedia.org/wikipedia/commons/thumb/6/67/Detailed_tax_wedge.png/330px-Detailed_tax_wedge.png","width":320,"height":213},"originalimage":{"source":"https://upload.wikimedia.org/wikipedia/commons/6/67/Detailed_tax_wedge.png","width":917,"height":610},"lang":"en","dir":"ltr","revision":"1208279141","tid":"a3c1ce7e-cd23-11ee-9d26-41797fa53792","timestamp":"2024-02-16T23:32:25Z","description":"Deviation from equilibrium price and quantity","description_source":"local","content_urls":{"desktop":{"page":"https://en.wikipedia.org/wiki/Tax_wedge","revisions":"https://en.wikipedia.org/wiki/Tax_wedge?action=history","edit":"https://en.wikipedia.org/wiki/Tax_wedge?action=edit","talk":"https://en.wikipedia.org/wiki/Talk:Tax_wedge"},"mobile":{"page":"https://en.m.wikipedia.org/wiki/Tax_wedge","revisions":"https://en.m.wikipedia.org/wiki/Special:History/Tax_wedge","edit":"https://en.m.wikipedia.org/wiki/Tax_wedge?action=edit","talk":"https://en.m.wikipedia.org/wiki/Talk:Tax_wedge"}},"extract":"The tax wedge is the deviation from the equilibrium price and quantity as a result of the taxation of a good. Because of the tax, consumers pay more for the good than they did before the tax, and suppliers receive less for the good than they did before the tax. Put differently, the tax wedge is the difference between the price consumers pay and the value producers receive from a transaction. The tax effectively drives a \"wedge\" between the price consumers pay and the price producers receive for a product.","extract_html":"
The tax wedge is the deviation from the equilibrium price and quantity as a result of the taxation of a good. Because of the tax, consumers pay more for the good than they did before the tax, and suppliers receive less for the good than they did before the tax. Put differently, the tax wedge is the difference between the price consumers pay and the value producers receive from a transaction. The tax effectively drives a \"wedge\" between the price consumers pay and the price producers receive for a product.
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{"slip": { "id": 82, "advice": "For every complex problem there is an answer that is clear, simple, and wrong."}}
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{"fact":"Approximately 1\/3 of cat owners think their pets are able to read their minds.","length":78}
{"slip": { "id": 193, "advice": "Value the people in your life."}}
{"slip": { "id": 6, "advice": "Never cut your own fringe."}}
{"fact":"Mohammed loved cats and reportedly his favorite cat, Muezza, was a tabby. Legend says that tabby cats have an \u201cM\u201d for Mohammed on top of their heads because Mohammad would often rest his hand on the cat\u2019s head.","length":210}
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