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# 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

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