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SEATWORK NO. 1 - BASIC PRINCIPLES
17
taxation: Process by which the government or sovereign raises income
eminentdomain: Power of the State to take private property for public use
policepower: Power of the State to enact laws to promote public health, morals, safety and general welfare of the people
lifeblood: theory that the existence of the State is a necessity, that it cannot continue to without a means to pay its expenses
fiscaladequacy: a principle in which sources of revenue should be sufficient to meet government expenses
theoreticaljustice: a principle which means that the tax imposed must be proportionate to taxpayer's ability to pay
income: May be thought of as a flow of fruits of one's labor
excise: Income taxation is generally regarded as an _______ tax or privilege tax
progressive: Tax rate increases as the tax base increases
regressive: Tax rate decreases as the tax base increases
regulatory: Special or _______ tax. A tax imposed for a special purpose and is intended to achieve some social or economic end
national: Tax imposed by national government
local: tax imposed by municipal government for specific needs
indirect: Tax which the taxpayer can shift to another
territoriality: The State may tax persons and properties under its jurisdiction
internationalcomity: The property of a foreign State may not be taxed by another
nondelegation: The power to tax being legislative in nature may not be delegated
SEATWORK NO. 1 - BASIC PRINCIPLES
Across:2. | The property of a foreign State may not be taxed by another | 3. | Tax imposed by national government | 5. | a principle in which sources of revenue should be sufficient to meet government expenses | 6. | tax imposed by municipal government for specific needs | 7. | Income taxation is generally regarded as an _______ tax or privilege tax | 9. | a principle which means that the tax imposed must be proportionate to taxpayer's ability to pay |
| 12. | Power of the State to take private property for public use | 13. | Special or _______ tax. A tax imposed for a special purpose and is intended to achieve some social or economic end | 14. | Tax which the taxpayer can shift to another | 15. | theory that the existence of the State is a necessity, that it cannot continue to without a means to pay its expenses | 16. | The State may tax persons and properties under its jurisdiction | 17. | Process by which the government or sovereign raises income |
| | Down:1. | Tax rate increases as the tax base increases | 4. | May be thought of as a flow of fruits of one's labor | 8. | Power of the State to enact laws to promote public health, morals, safety and general welfare of the people |
| 10. | Tax rate decreases as the tax base increases | 11. | The power to tax being legislative in nature may not be delegated |
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© 2013
PuzzleFast.com, Noncommercial Use Only
SEATWORK NO. 1 - BASIC PRINCIPLES
Across:2. | The property of a foreign State may not be taxed by another | 3. | Tax imposed by national government | 5. | a principle in which sources of revenue should be sufficient to meet government expenses | 6. | tax imposed by municipal government for specific needs | 7. | Income taxation is generally regarded as an _______ tax or privilege tax | 9. | a principle which means that the tax imposed must be proportionate to taxpayer's ability to pay |
| 12. | Power of the State to take private property for public use | 13. | Special or _______ tax. A tax imposed for a special purpose and is intended to achieve some social or economic end | 14. | Tax which the taxpayer can shift to another | 15. | theory that the existence of the State is a necessity, that it cannot continue to without a means to pay its expenses | 16. | The State may tax persons and properties under its jurisdiction | 17. | Process by which the government or sovereign raises income |
| | Down:1. | Tax rate increases as the tax base increases | 4. | May be thought of as a flow of fruits of one's labor | 8. | Power of the State to enact laws to promote public health, morals, safety and general welfare of the people |
| 10. | Tax rate decreases as the tax base increases | 11. | The power to tax being legislative in nature may not be delegated |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only