Taxation Reviews

Transfer of the tax burden by one on whom the tax is assessed to another

• Transformation

• Shifting

• Capitalizatipn

• Tax exemption

This is demand ownership.

• Tax

• Debt

• Toll

• Police power

Which statement is wrong?

• A tax is a demand of sovereignty

• A toll is a demand of ownership

• Custom duty is a tax

• A special levy is a tax

Which of the following may not raise money for the government?

• Eminent Domain

• Police power

• Power to taxation

• Privatization of governmnent’s capital assets

Which of the following terms describe this statement “that the state has complete discretion on the amount to be imposed after distinguishing bet. a useful and non-useful activity?”

• Customs duties

• License fee

• Toll

• Taxation

They restrict the exercise of the power of taxation although they are not embodied in the constitution.

• Constitutional limitations

• Theoretical justice

• Inherent in sovereignty

• Inherent limitations

A requirement of equality or theoretical justice is complied with if the tax is

• Progressive

• Regressive

• Digressive

• specific

All appropriation, revenue, tariff bills, shall originate in the ________, but the senate may propose and concur with amendments.

Imprisonment is not a sanction for non-payment in the distinction of the debt from tax.

• True

• False

A tax on business is

• Property tax

• Estate tax

• Indirect tax

• Direct tax