The following are constitutional limitations on the power of taxation, except one: * A. Public purpose B. No imprisonment for non-payment of poll tax C. Equal protection of law D. Power of the President to veto items in a revenue bill

The following are constitutional limitations on the power of taxation, except one: * A. Public purpose B. No imprisonment for non-payment of poll tax C. Equal protection of law D. Power of the President to veto items in a revenue bill

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter26: Tax Practice And Ethics

Section: Chapter Questions

Problem 11DQ

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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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