12 Questions
What is the primary purpose of taxation according to the text?
To promote general welfare and protection
Which theory states that tax laws are created to support the necessity of any state?
Necessity Theory
What does the Lifeblood Theory state about taxes?
Without them, the government cannot operate or survive
Which power allows the State to restrain and regulate the use of liberty and property?
Police Power
What is the purpose of Secondary (Regulatory Purpose) Taxation?
To reduce inequality
What does the Benefits-Protection Theory suggest about citizens' payment of taxes?
It sustains government activities in exchange for benefits received
What is the power of eminent domain?
The State's power to acquire private property for a public purpose upon payment of just compensation
Which tax must be based on taxpayers' ability to pay according to Theoretical Justice?
Personal, Poll, or Capitation Tax
What is the difference between direct and indirect tax?
Direct tax cannot be shifted to another person, while indirect tax can be shifted to another.
What type of tax is imposed by the national government?
National Tax
Which type of tax is levied without a specific or predetermined purpose?
Fiscal/General/Revenue Tax
What does an ad valorem tax refer to?
A fixed proportion of the value of property being taxed
Test your knowledge on the power of eminent domain, fiscal adequacy, and theoretical justice in government revenue and taxation. Explore concepts like taxpayers' ability to pay and the progressive system of taxation.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
