Recent Lessons

Show all results for ""

Government Revenue and Taxation Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary purpose of taxation according to the text?

To regulate economic growth
To control government expenditures
To restrain citizens' liberties
To promote general welfare and protection (correct)

Which theory states that tax laws are created to support the necessity of any state?

Benefits-Protection Theory
Lifeblood Theory
Necessity Theory (correct)
Police Power Theory

What does the Lifeblood Theory state about taxes?

They are used to promote general welfare
Without them, the government cannot operate or survive (correct)
They are unnecessary for government survival
They are essential for economic growth

Which power allows the State to restrain and regulate the use of liberty and property?

Police Power (C) Signup and view all the answers

What is the purpose of Secondary (Regulatory Purpose) Taxation?

To reduce inequality (A) Signup and view all the answers

What does the Benefits-Protection Theory suggest about citizens' payment of taxes?

It sustains government activities in exchange for benefits received (C) Signup and view all the answers

What is the power of eminent domain?

The State's power to acquire private property for a public purpose upon payment of just compensation (C) Signup and view all the answers

Which tax must be based on taxpayers' ability to pay according to Theoretical Justice?

Personal, Poll, or Capitation Tax (B) Signup and view all the answers

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. (D) Signup and view all the answers

What type of tax is imposed by the national government?

National Tax (B) Signup and view all the answers

Which type of tax is levied without a specific or predetermined purpose?

Fiscal/General/Revenue Tax (A) Signup and view all the answers

What does an ad valorem tax refer to?

A fixed proportion of the value of property being taxed (B) Signup and view all the answers

Flashcards are hidden until you start studying