All are characteristics of the power of taxation, EXCEPT? a. It is an inherent power, b. It is legislative in character c. It is a civil in character.. d. It is a subject to inherent and constitutional limitations.

All are characteristics of the power of taxation, EXCEPT? a. It is an inherent power, b. It is legislative in character c. It is a civil in character.. d. It is a subject to inherent and constitutional limitations.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter1: An Introduction To Taxation And Understanding The Federal Tax Law

Section: Chapter Questions

Problem 46DQ

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Question

Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.

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