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A tax effectively changes relative prices of products. Hence, most economists, notably neoclassical economists, argue that taxation makes market distortion and effect in economic inefficiency except there are (positive or negative) externalities linked with the activities that are taxed that need to be internalized to achieve an efficient market results. They have therefore search to recognize the type of tax system that would minimize this distortion. Current scholarship proposes that in the United States of America, the federal government effectively taxes investments in higher education more heavily than it subsidizes higher education, thereby supporting to a shortage of competent labors or unusually high differences in pre-tax incomes between highly educated or less-educated labours.

Taxes could even have effects on labor supply: we can take into consideration a model in which the consumer picks the number of hours spent working also the amount spent on consumption. Let us suppose that just one good exists or no earning is saved.


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