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Questions and Answers
What is the purpose of taxation?
What is the purpose of taxation?
- To provide benefits to the privileged
- To distribute the costs of government (correct)
- To raise revenue for the government
- To burden the privileged
Which theory of taxation suggests that taxes are the lifeblood of the government?
Which theory of taxation suggests that taxes are the lifeblood of the government?
- Fiscal adequacy
- Necessity theory
- Lifeblood theory (correct)
- Benefits-received theory
What are the principles of a sound tax system according to the text?
What are the principles of a sound tax system according to the text?
- Fiscal adequacy, benefits-received theory, administrative feasibility
- Administrative feasibility, theoretical justice, fiscal adequacy
- Theoretical justice, administrative feasibility, fiscal adequacy
- Fiscal adequacy, theoretical justice, administrative feasibility (correct)
What are the inherent and constitutional limitations on taxation?
What are the inherent and constitutional limitations on taxation?
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What is taxation?
What is taxation?
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