Podcast
Questions and Answers
What is the purpose of a license fee compared to tax?
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?
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?
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?
How does debt differ from tax as mentioned in the text?
What is the primary use of toll fees discussed 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?
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?
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'?
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?
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?
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?
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?
How does the text suggest taxes can be paid through senior discounts?
