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18 Cards in this Set
- Front
- Back
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Inherent power of the soverign exercise through the legislature to impose burdens |
Taxation |
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Enforced proportional contribution from person |
Taxes |
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Inherent power of the state |
Police, eminent domain, taxation |
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Once said that there were only two things certain in life death and taxes |
Benjamin franklin |
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Inherent and plenary power of the state which enables it to prohibit |
Police power |
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Inherent right of the state to condemn private property to public use upon |
Eminent domain |
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Enforced proportional contribution from person and property |
Taxation |
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Taxation are the lifeblood of the goverment |
Lifeblood theory |
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Goverment is necessary however it cannot continue without the mean of paying for its existence |
Necessity theory |
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The power of the state to demand and receive taxes on the reciprocal |
Benifits received principle /doctorine of symbiotic relationship |
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Stage of taxation |
Levy, the determination, assessment, payment, refund |
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Determination by congress of th e subject and object |
Levy |
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Notice the effect that the amount thereim stated is due as tax |
Assessment and collection |
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The act compliances by the taxpayer including such option |
Payment |
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The taxpayers ask for resitution of the money paid as tax |
Refund |
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System of taxation |
Progressive tax, proportionate tax |
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As the tax base increase the tax due also increase such as tax on individual |
Progressive tax |
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Based from rate of the tax base such corporate income tax |
Proportionate tax |
