15 Questions
Which principle of taxation emphasizes that the more benefit one receives, the more tax they should pay?
Benefit-received
Which requisite of taxation implies that tax must be imposed under a legislative authority?
Imposed for Public Purpose
What does the Lifeblood Doctrine state regarding the imposition of taxes?
Tax is imposed even without a Constitutional Grant
Which concept of taxation is based on contributing based on one's capacity?
Ability to pay
In the context of taxation, what does Vertical equity primarily focus on?
High tax base, high tax
What is the purpose of taxation related to raising funds?
To promote general welfare
Which is NOT a limitation of the inherent power of the state in taxation?
Non-delagation of taxing power
What type of tax is based on weight rather than value?
Specific tax
Where does the situs of taxation for personal property typically occur?
At the residence of the owner
What is one of the powers and duties of the Bureau of Internal Revenue (BIR)?
Assessment and collection of national internal revenue taxes
Which type of taxation principle focuses on equitability based on ability to pay and received benefits?
Theoretical justice and equality
What does a regressive tax system generally involve?
Tax rates decrease as income levels rise
What is the main reason for the collection of advances being taxable upon receipt?
'Pay as you earn' principle in taxation
In a progressive tax system, what happens to tax rates as income levels increase?
They increase as income levels rise
Which type of tax is based on value rather than weight?
Ad valorem tax
Test your knowledge on the general principles of taxation, including inherent state power, enforcing proportional contributions for public services, and allocating costs based on benefit. Explore the requisites and theory of taxation in this quiz.
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