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What is the definition of taxation?
What is the definition of taxation?
- The process by which the government imposes arbitrary exactions
- The process by which the sovereign raises income to defray the expenses of the government (correct)
- The process by which the government provides tangible and intangible benefits to the people
- The process by which individuals contribute their share in running the government
What is the basic purpose of imposing taxes, according to the text?
What is the basic purpose of imposing taxes, according to the text?
- To provide tangible and intangible benefits to the people
- To paralyze the government for lack of motive power
- To surrender part of one's hard-earned income
- To ensure the government operates effectively (correct)
What is the symbiotic relationship between taxation and the government, as mentioned in the text?
What is the symbiotic relationship between taxation and the government, as mentioned in the text?
- Taxation is the process by which individuals contribute their share in running the government
- Taxation is an arbitrary method of exaction by those in power
- Taxation is the process by which the government provides tangible and intangible benefits to the people
- Taxation is the lifeblood of the government (correct)
What are the main objectives of taxation, as stated in the text?
What are the main objectives of taxation, as stated in the text?
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Why should every person contribute their share in running the government?
Why should every person contribute their share in running the government?
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