taxation
(noun)
The act of imposing taxes and the fact of being taxed
Examples of taxation in the following topics:
-
Taxation Without Representation
- "No Taxation without Representation" was the rallying cry of the colonists who were forced to pay the stamp, sugar, and tea taxes.
- "No taxation without representation," a slogan originating during the 1750s and 1760s that summarized a primary grievance of the British Colonists in the 13 colonies, was one of the major causes of the American Revolution .
-
Fiscal Policy and Policy Making
- Fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy.
- In economics and political science, fiscal policy is the use of government budget or revenue collection (taxation) and expenditure (spending) to influence economic.
- The two main instruments of fiscal policy are government taxation and expenditure.
- Changes in the level and composition of taxation and government spending can impact the following variables in the economy: (1) aggregate demand and the level of economic activity; (2) the pattern of resource allocation; and (3) the distribution of income.
-
Fiscal Policy
- Fiscal policy is the use of government revenue collection or taxation, and expenditure (spending) to influence the economy.
- In economics and political science, fiscal policy is the use of government revenue collection or taxation, and expenditure (spending) to influence the economy.
- Changes in the level and composition of taxation and government spending can impact the following variables in the economy: aggregate demand and the level of economic activity; the pattern of resource allocation; and the distribution of income.
- This expenditure can be funded in a number of different ways: taxation, printing money, borrowing money from the population or from abroad, consumption of fiscal reserves, or sale of fixed assets (land).
-
Issues with the Traditional Political Spectrum
- The Nolan Chart, created by libertarian David Nolan, shows what he considers as "economic freedom " (issues like taxation, free trade, and free enterprise) on the horizontal axis and what he considers as "personal freedom" (issues like drug legalization, abortion, and the draft) on the vertical axis.
-
Single-Issue Interest Groups
- These groups focus on a diverse array of issues including abortion, taxation, and animal rights.
-
Privatization
- However, outsourcing is not solely a U.S. phenomenon as corporations in various nations with low tax rates outsource as well, which means that high taxation can only partially, if at all, explain US outsourcing.
- It is argued that lowering the corporate income tax and ending the double-taxation of foreign-derived revenue (taxed once in the nation where the revenue was raised, and once from the U.S.) will alleviate corporate outsourcing and make the U.S. more attractive to foreign companies.
-
Federal Income Tax Rates
- ., ruled that the amendment conferred no new power of taxation.
- They ruled that it simply prevented the courts from taking the power of income taxation from Congress.
-
Promoting the General Welfare
- The Preamble of the United States Constitution states that the Union was established "to promote the general Welfare. " The Taxing and Spending Clause is the clause that gives the federal government of the United States its power of taxation.
-
Amending the Constitution
- Thus, Article V of the US Constitution, ratified in 1788, prohibited any constitutional amendments before 1808 which would affect the foreign slave trade, the tax on slave trade, or the direct taxation on provisions of the constitution.
-
Powers of the American Government Under the Articles of Confederation
- Congress was denied the power of taxation: it could only request money from the states.