Chapter III

. Of Taxes On Commodities, Or Indirect Taxes.

§ 1. A Tax on all commodities would fall on Profits. § 2. Taxes on particular commodities fall on the consumer. § 3. Peculiar effects of taxes on Necessaries. § 4. —how modified by the tendency of profits to a minimum. § 5. Effects of discriminating Duties. § 6. Effects produced on international Exchange by Duties on Exports and on Imports.

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