Legislative Power in Taxation

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What is the purpose of a license fee compared to tax?

To regulate (correct)

To provide essential services

To finance public goods and services

To raise revenue

Which principle states that tax revenue should exceed government revenue/expenditures?

Inherent Necessary

Fiscal Adequacy (correct)

Administrative Feasibility

Theoretical Justice

What is the object of a license fee?

Right to exercise a privilege (correct)

Product, income, activity

Persons, property, exercise of a right or privilege

Money owed between private parties

How does debt differ from tax as mentioned in the text?

Debt is owed to the government, while tax is money owed between private parties Signup and view all the answers

What is the primary use of toll fees discussed in the text?

A user fee and fixed charge for a privilege Signup and view all the answers

Which power has the authority to prevail when contracts do not meet the welfare of the people?

Police Power Signup and view all the answers

Why is legislative power essential in the context of taxation?

To ensure that taxes are non-negotiable grants from the people. Signup and view all the answers

In the context of taxation, what is the significance of the statement 'Power to tax is the power to destroy'?

It highlights the potential impact of taxation on individuals or entities. Signup and view all the answers

What is a key requirement for a tax law in terms of tax administration delegation to the executive?

It must specify which agency will implement the tax law. Signup and view all the answers

Which of the following best describes the 'Withholding System' mentioned in the text?

A process where employers deduct taxes from employees' salaries before paying them. Signup and view all the answers

What is the primary purpose of 'Final Withholding Tax' as explained in the text?

Ensuring that certain types of income are taxed at the point of payment. Signup and view all the answers

How does the text suggest taxes can be paid through senior discounts?

By giving senior citizens a percentage reduction in their total tax owed. Signup and view all the answers

Legislative Power in Taxation

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Questions and Answers

What is the purpose of a license fee compared to tax?

Which principle states that tax revenue should exceed government revenue/expenditures?

What is the object of a license fee?

How does debt differ from tax as mentioned in the text?

What is the primary use of toll fees discussed in the text?

Which power has the authority to prevail when contracts do not meet the welfare of the people?

Why is legislative power essential in the context of taxation?

In the context of taxation, what is the significance of the statement 'Power to tax is the power to destroy'?

What is a key requirement for a tax law in terms of tax administration delegation to the executive?

Which of the following best describes the 'Withholding System' mentioned in the text?

What is the primary purpose of 'Final Withholding Tax' as explained in the text?

How does the text suggest taxes can be paid through senior discounts?

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