Philo quiz

7 essential characteristic of taxiation

Answer explanation

1. It is an enforced contribution

2. It is generally payable in money

3. It is proportionate in character

4. It is levied on persons, property or property rights

5. It is levied by the state, which has jurisdiction over the person or property

6. It is levied by the legislative branch of the state

7. It is levied for public purposes

This means that the source of revenue should be sufficient to address the demands of public expenditures.

This means that the tax burden should be proportionate to the taxpayer's ability to pay

This means that thetax should be capable of convenience, just and effective administration.

Latin word for tax

Involves knowingly misreporting the facts

It does not involve concealing information or lying

Three aproaches to ethics

Tells us to aim for the greater happiness

Bases ethics on the idea of duty