Producer Farmer Miller Baker Price Paid For Intermediate Goods $0 $0.60 O $0.60, 50.06; $0.66 50.80, 50.08, 50.88 O $1.40, 50.14, $1.54 O $0.60, 50.60, $1.20 $1.40 Price Sells For $0.60 $1.40 $2.50 Assume that the farmer grows wheat and sells it to the miller, the miller turns the wheat into flour and sells it to the baker, and the baker turns the flour into bread and sells it to the final consumer. Refer to Exhibit 11-5 which summarizes the situation prior to the value added tax (VAT). The value added by the farmer is If the government imposes a VAT rate of 10 percent, the farmer must pay in VAT tax and will need to raise the price he charges the miller to

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Tax Incidence Analysis

Tax incidence analysis is a kind of economic analysis. It helps to understand the division of tax burden between stakeholders. Tax incidence also relates to the price elasticity of demand and supply. The producers and consumers may valuate their tax burden with the help of tax incidence analysis. It also helps to calculate the burden of a new tax. It is the effect of a particular tax and analysis of tax occurrence in the economy.