Fundamentals of Taxation Questions and Answers
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Practice questions for this set
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Tax rate decreases as the tax base increases.
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Similarities among Taxation, Police
1 Definition of Taxation 2
Power, and Eminent Domain
3 Lifeblood Theory 4 Regressive Tax
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Terms in this set (63)
The power by which the sovereign raises revenues to
Definition of Taxation
defray the necessary expenses of government.
, Enforced proportional and pecuniary contributions
Taxes levied by the law-making body of the State for the
support of the government and public needs.
Primary Purpose of To raise revenue to meet huge public expenditure.
Taxation
Secondary Purposes of Include regulation, general welfare, reduction of
Taxation social inequality, and protectionism.
States that without revenue from taxation, the
Lifeblood Theory
government would not survive.
States that the power to tax emanates from the
Necessity Theory
necessity for the government to fulfill its mandate.
Benefits Received Taxpayers receive benefits from taxes through the
Principle protection the State affords to them.
States that taxation arises from the reciprocal relation
Benefits Protection Theory of protection and support between the State and
taxpayers.
Inherent Powers of the Include the Power of Taxation, Police Power, and
State Power of Eminent Domain.
Subject to inherent and constitutional limitations,
Power of Taxation making it comprehensive, unlimited, plenary, and
supreme.
Inherent power of a sovereign state to legislate for
Police Power the protection of public health, welfare, safety, and
morals.
Inherent power of a sovereign state to take private
Power of Eminent Domain
property for a public purpose.
Similarities among Inherent in the state, legislative in nature, and
Taxation, Police Power, presuppose equivalent compensation to affected
and Eminent Domain parties.
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Tax rate decreases as the tax base increases.
Choose an answer
Similarities among Taxation, Police
1 Definition of Taxation 2
Power, and Eminent Domain
3 Lifeblood Theory 4 Regressive Tax
Don't know?
Terms in this set (63)
The power by which the sovereign raises revenues to
Definition of Taxation
defray the necessary expenses of government.
, Enforced proportional and pecuniary contributions
Taxes levied by the law-making body of the State for the
support of the government and public needs.
Primary Purpose of To raise revenue to meet huge public expenditure.
Taxation
Secondary Purposes of Include regulation, general welfare, reduction of
Taxation social inequality, and protectionism.
States that without revenue from taxation, the
Lifeblood Theory
government would not survive.
States that the power to tax emanates from the
Necessity Theory
necessity for the government to fulfill its mandate.
Benefits Received Taxpayers receive benefits from taxes through the
Principle protection the State affords to them.
States that taxation arises from the reciprocal relation
Benefits Protection Theory of protection and support between the State and
taxpayers.
Inherent Powers of the Include the Power of Taxation, Police Power, and
State Power of Eminent Domain.
Subject to inherent and constitutional limitations,
Power of Taxation making it comprehensive, unlimited, plenary, and
supreme.
Inherent power of a sovereign state to legislate for
Police Power the protection of public health, welfare, safety, and
morals.
Inherent power of a sovereign state to take private
Power of Eminent Domain
property for a public purpose.
Similarities among Inherent in the state, legislative in nature, and
Taxation, Police Power, presuppose equivalent compensation to affected
and Eminent Domain parties.
