Note: This is the tenthpost in a weekly video series on basic microeconomics.

In this video Tyler Cowen modity taxes, including who pays the tax and lost gains from trade, also called deadweight loss. He also considers how the tax wedge would apply to the example of Social Security taxes.

(If you find the pace of the videos too slow, I’d mend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

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