Chapter 1 - Fundamental Principles Of Taxation
Question And Verified Answers Solution 2024-
2025{Graded A+}
-Define Taxation ANS>> Process which the sovereign (independent State), through its law-making body
(legislature), imposes burdens upon subjects and objects within its jurisdiction for the purpose of raising
revenues to carry out the legitimate objects of the government.
-What are the 3 Inherent Powers of the State? (by rank) ANS>> Power of Taxation
Police Power
Power of Eminent Domain
-Similarities among the 3 Inherent Powers of the State ANS>> 1. Inherent in the State.
2. Exist independently of the Constitution.
3. Ways by which the State interferes with private rights and property.
4. Legislative in nature and character.
5. Presuppose an equivalent compensation.
-Existing in something as a permanent, essential, or characteristic attribute. ANS>> Inherent Power
-The power to enact laws to promote the general welfare of the people. ANS>> Police Power
-The power to take private property for public use upon payment of just compensation. ANS>> Eminent
Domain
, -The power to take property (generally money) for the support of the government and for public
purpose. ANS>> Power to Tax
-Purpose of taxation in which raises revenue necessary for the expenses of the government. ANS>>
Primary Purpose
Also known as the Revenue Purpose.
-Purpose of taxation in which acts as a tool for general, social, and economic welfare. ANS>> Secondary
Purpose
Also known as the regulatory / sumptuary / compensatory purpose.
-Theory of taxation stating that the government cannot continue without means to pay its expenses.
ANS>> Necessity Theory
-Theory of taxation stating that taxes are what we pay for a civilized society. ANS>> Benefits-Protection
Theory
-The government and the people have a reciprocal and mutual duties of support and protection to one
another. ANS>> Symbiotic Relationship
-Theory of taxation stating that taxes are the lifeblood of the government without which can neither
exist nor endure. ANS>> Lifeblood Doctrine
-Enforced proportional contribution from persons and property for the support of the government and
for all its public needs. ANS>> Tax
Question And Verified Answers Solution 2024-
2025{Graded A+}
-Define Taxation ANS>> Process which the sovereign (independent State), through its law-making body
(legislature), imposes burdens upon subjects and objects within its jurisdiction for the purpose of raising
revenues to carry out the legitimate objects of the government.
-What are the 3 Inherent Powers of the State? (by rank) ANS>> Power of Taxation
Police Power
Power of Eminent Domain
-Similarities among the 3 Inherent Powers of the State ANS>> 1. Inherent in the State.
2. Exist independently of the Constitution.
3. Ways by which the State interferes with private rights and property.
4. Legislative in nature and character.
5. Presuppose an equivalent compensation.
-Existing in something as a permanent, essential, or characteristic attribute. ANS>> Inherent Power
-The power to enact laws to promote the general welfare of the people. ANS>> Police Power
-The power to take private property for public use upon payment of just compensation. ANS>> Eminent
Domain
, -The power to take property (generally money) for the support of the government and for public
purpose. ANS>> Power to Tax
-Purpose of taxation in which raises revenue necessary for the expenses of the government. ANS>>
Primary Purpose
Also known as the Revenue Purpose.
-Purpose of taxation in which acts as a tool for general, social, and economic welfare. ANS>> Secondary
Purpose
Also known as the regulatory / sumptuary / compensatory purpose.
-Theory of taxation stating that the government cannot continue without means to pay its expenses.
ANS>> Necessity Theory
-Theory of taxation stating that taxes are what we pay for a civilized society. ANS>> Benefits-Protection
Theory
-The government and the people have a reciprocal and mutual duties of support and protection to one
another. ANS>> Symbiotic Relationship
-Theory of taxation stating that taxes are the lifeblood of the government without which can neither
exist nor endure. ANS>> Lifeblood Doctrine
-Enforced proportional contribution from persons and property for the support of the government and
for all its public needs. ANS>> Tax
