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10 Cards in this Set
- Front
- Back
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Levying of the tax |
Imposition of tax requires legislative intervention |
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Collection of the tax levied |
This is essentially an administrative function |
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Fiscal adequacy |
Sources of government revenue are sufficient to meet government expenditures |
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Theoretical justice |
The tax imposed must be proportionate to taxpayer's ability to pay. |
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Administrative Feasibility |
The law must be capable of convenient, just and effective administration |
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Constitutional Limitations |
Those provided for in yhe constitution or implied from its provisions. |
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Inherent Limitation |
Restrictions to the power to tax attached to its nature. |
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Regressive |
The average rate decreases as the tax base increases |
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Proportional |
The average rate of tac remains constant for all levels of the tax base. |
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Progressive |
The average rate increases as the amoubt of tax base increases. |
