Economic Burden of Tax Law and Legal Definition
Economic burden of tax is the intangible, unascertainable result borne by everybody when a tax is imposed on anybody.
The following is an example of a case law on economic burden of tax:
The term economic burden, or incidence of a tax, is known to the science of economics. It signifies the intangible, unascertainable result borne by everybody when a tax is imposed on anybody. It is purely a speculative abstraction. [Cudahy Packing Co. v. United States, 37 F. Supp. 563, 571 (N.D. Ill. 1941)].
