introduction to income taxation

is the process or means by which the sovereign, through its lawmaking body, raises income to defray the expenses of government.

(a)  

enforced proportional contributions, generally payable in money, levied by the lawmaking body of the State by virtue of its sovereignty upon the persons, properties, acts, and transactions within its jurisdiction for the support of the government and all public needs.

(a)  

any inflow of wealth to the taxpayer from whateve source, legal or illegal that increases net worth.

(a)  

generally payable in money, levied by the lawmaking body of the State by virtue of its sovereignty upon the _____, _______, ____, and ______ within its jurisdiction for the support of the government and all public needs.

(a)  

It includes income from employment, trade, business or exercise of profession, income from properties, and other sources such as dealings in properties and other regular or casual transactions.

(a)  

Taxes are _____ and _______ to the continued subsistence of the government. Without taxes, the government would be paralyzed for lack of motive power to activate or operate it.

(a)  

Taxes are the (a)   of the government, and their prompt and certain availability are an imperious need. Upon taxation depends the government's ability to serve the people for whose benefit taxes are collected.

what are the 3 inherent powers of the state

(a)  

power of the State to enforce proportional contributions from its subjects to sustain itself.

(a)  

power of the State to enact laws to protect the well-being of the people.

(a)