Questions and Answers
Power by which the sovereign state raises revenue to defray the necessary expenses of the government
taxation
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
inherent power
Theory: taxation is the life and strength of the government
Signup and view all the answers
Theory: existence of the government is a necessity
Signup and view all the answers
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
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.