Taxation: Difference between revisions
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A tax (from the Latin taxo) is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures. | A tax (from the Latin taxo) is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures. | ||
The purpose of taxes is to raise revenue to fund government. | The primary purpose of taxes is to raise revenue to fund government. | ||
Some desire to believe that ''taxation is theft''. | |||
Is the power of a state or the functional equivalent of a state limited or unlimited? | Is the power of a state or the functional equivalent of a state limited or unlimited? |
Revision as of 19:13, 10 January 2017
A tax is defined as "a compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions." As a verb it is defined "impose a tax on (someone or something)."
A tax (from the Latin taxo) is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures.
The primary purpose of taxes is to raise revenue to fund government.
Some desire to believe that taxation is theft.
Is the power of a state or the functional equivalent of a state limited or unlimited?
Tribute is a tax mentioned in the Bible.
The Bible says that the slothful should be under tribute.
So taxation is a result of sloth but also covetousness of you or your parents or both. The bondage of Egypt is a good example of such generational bondage.
What is and where does the power to tax come from?
Taxes are sometimes referred to as "direct taxes" or "indirect taxes". The meaning of these terms can vary. An economic definition states that "...direct taxes may be adjusted to the individual characteristics of the taxpayer, whereas indirect taxes are levied on transactions irrespective of the circumstances of buyer or seller."
For example, income tax is "direct", and sales tax is "indirect" according to some opinions but may have different meanings in law. In U.S. constitutional law, for instance, direct taxes refer to poll taxes and property taxes, which are based on simple existence or ownership. Indirect taxes are imposed on events, rights, privileges, and activities. Thus, a tax on the sale of property would be considered an indirect tax, whereas the tax on simply owning the property itself would be a direct tax.
The problem is that Legal title does not include the ownership.