What is a tax? Explain the differences between types of taxes. What is the purpose of taxes? What are some limits on the government's taxing power?
What is a tax? Explain the differences between types of taxes. What is the purpose of taxes? What are some limits on the government's taxing power?
-TAX: charge levied by government on persons or property to meet public needs.
-Direct tax must be paid by the person on whom it is levied.
-Indirect tax: a tax levied on one party but passed onto another for payment.
1. congress may tax only for public purposes, not for private benefit.
2. congress may not tax exports.
3. direct taxes must be apportioned among the states.
4. indirect taxes must be levied at a uniform rate in all parts of the country.
Comments
Post a Comment