26 lines
678 B
Markdown
26 lines
678 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-5-chapter-02 -->
|
|
|
|
# Stock Profit Tax
|
|
|
|
## Definition
|
|
|
|
A tax levied on the profits derived from the employment of capital in various
|
|
trades and businesses, which ultimately falls upon the consumers of the goods
|
|
produced rather than the dealers themselves.
|
|
|
|
## Source Chapter
|
|
|
|
Book V, Chapter 2
|
|
|
|
## Context
|
|
|
|
Smith explains that taxes on the profits of stock cannot affect the interest
|
|
of money itself but must be passed on to consumers through higher prices, and
|
|
discusses how such taxes affect different branches of trade unequally.
|
|
|
|
## Economic Domain
|
|
|
|
General Theory
|
|
|
|
---
|