Nature of Taxation Power in Government

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Taxation is the power by which the sovereign state raises revenue to defray the necessary expenses of ______.

government

It is the life and strength of the ______ because no government can survive without it (a.k.a. lifeblood theory).

government

Taxation imposes a levy upon ______, properties, rights and transactions for purposes of raising revenue to support the necessary expenses of the government.

persons

Being 'Inherent' means that the power of taxation can be exercised by the state even if the power is not provided in the ______.

constitution

Police Power refers to the power of the state to enact laws to promote public health, public morals, safety and the general ______ of the people.

welfare

Power of Eminent Domain refers to the power of the state to take private property for public use upon payment of just ______.

compensation

The power of taxation originates from the theory that the existence of a government is a necessity for public welfare. However, it cannot continue to operate without the means to pay its expenses. On this basis, it has acquired the right to compel all the citizens and inhabitants within its territories to contribute by paying ______.

taxes

The power of taxation in the absence of inherent and constitutional restrictions is regarded as unlimited, plenary, comprehensive, and supreme. The principal check its abuse lies in the hands of the ______.

legislature

Similarities of the power of taxation, eminent domain, and police power include: - They are inherent in every government. - They exist independently of the constitution. - They constitute the three ways by which the state interferes with private rights and properties. - They are ______ in nature and character. - Each presupposes an equivalent ______.

legislative; compensation

In taxation, the compensation is the protection and benefits received from the government. In eminent domain, the compensation is the payment received (usually in monetary terms) for the property taken. In taxation, the compensation is ______ and benefits received from the government.

protection

In taxation, it operates on classes of persons, according to some principle of apportionment; In eminent domain, it operates on a case-to-case basis depending on the ______ of the property.

owner(s)

The power of taxation may be exercised only by the government. The power of eminent domain may be exercised by private person performing public functions if the power is granted by ______.

law

Learn about the nature and importance of taxation as the power by which the sovereign state raises revenue to sustain government expenses. Explore how taxation is crucial for the survival and functionality of a government according to the lifeblood theory.

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