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Questions and Answers
Power by which the sovereign state raises revenue to defray the necessary expenses of the government
Power by which the sovereign state raises revenue to defray the necessary expenses of the government
taxation
Taxation imposes a levy upon _________, __________, __________, and ___________
Taxation imposes a levy upon _________, __________, __________, and ___________
income, property, goods, services
The power of taxation can be exercised by the state even if the power is not provided in the constitution
The power of taxation can be exercised by the state even if the power is not provided in the constitution
inherent power
Theory: taxation is the life and strength of the government
Theory: taxation is the life and strength of the government
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Theory: existence of the government is a necessity
Theory: existence of the government is a necessity
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Study Notes
Taxation and Government Revenue
- The power of taxation allows a sovereign state to raise revenue to cover the necessary expenses of the government
- Taxation imposes a levy on citizens, businesses, properties, and transactions
- The power of taxation can be exercised by the state even if it is not explicitly stated in the constitution
- The theory behind taxation is that it is the life and strength of the government
- The existence of the government is considered a necessity
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