answersLogoWhite

0

What else can I help you with?

Continue Learning about Accounting

Is collecting taxes a reserved power?

No, collecting taxes is not a reserved power; it is an enumerated power granted to both the federal and state governments. The U.S. Constitution, specifically in Article I, Section 8, gives Congress the authority to levy taxes. States also have the power to impose taxes under their own constitutions and laws. Reserved powers, as defined by the Tenth Amendment, are those not delegated to the federal government nor prohibited to the states, which does not apply to taxation.


What type of power is collecting taxes?

Collecting taxes is an example of fiscal power, which is a fundamental aspect of a government's authority to generate revenue. This power allows governments to fund public services, infrastructure, and various programs essential for societal functioning. It is typically granted through legal frameworks and is crucial for maintaining economic stability and governance.


Is there a statute of limitations on California collecting income taxes that are owed?

There is a statute of limitations on assessing income taxes, but once the taxes have been assessed there is no statute of limitations on collecting them.


What is the purpose of the IRS?

The IRS is in charge of collecting Taxes and interpreting the Internal Revenue Code


Is there other ways for government to have money without collecting taxes?

There are other source of revenue for the government other than collecting taxes such as capital receipts, revenues from state-owned enterprises, interest from investment funds, fines, loans, and donations.

Related Questions

Is collecting taxes an implied expressed or inherent power?

it is expressed


A congressional power that is implied by the expressed power to levy taxes is the power to .?

A congressional power that is implied by the expressed power to levy taxes is the power to tax and regulate alcohol.


Would raising social security taxes be considered an implied power?

No it would not be implied


The power to collect taxes is?

The power to collect taxes is an expressed power of Congress. That's to say it's written in the constitution that they have the power to collect and levy taxes. If the power was not written in the constitution was granted by on laws passed, this would be an "implied power".


Is collecting taxes a enumerated power of congress?

they scrached there bum


A congressional power that is implied by the expressed power to levy taxes is the power to what?

A congressional power that is implied by the expressed power to levy taxes is the power to spend money for the general welfare. This includes funding government programs and services that benefit the public, such as infrastructure, education, and healthcare. The ability to impose taxes inherently grants Congress the authority to allocate resources to address national needs and priorities.


The congressional power that is implied by the expressed power to levy taxes is the power to what?

The congressional power that is implied by the expressed power to levy taxes is the power to spend and appropriate funds for various purposes. This includes the ability to allocate resources for public services, infrastructure, and welfare programs, thereby influencing economic and social policy. Additionally, it supports the establishment of agencies and programs that can carry out the government's objectives and responsibilities.


Is collecting taxes a reserved power?

No, collecting taxes is not a reserved power; it is an enumerated power granted to both the federal and state governments. The U.S. Constitution, specifically in Article I, Section 8, gives Congress the authority to levy taxes. States also have the power to impose taxes under their own constitutions and laws. Reserved powers, as defined by the Tenth Amendment, are those not delegated to the federal government nor prohibited to the states, which does not apply to taxation.


What is an example of a power of a power?

Implied powers have allowed the federal government to levy income taxes, conscript armies, and organize a national postal system.


What power does congress have to investigate?

an implied power


Which activity is the best example of a concurrent power shared by states and the federal government?

Collecting Taxes - APEX :3


What type of power is collecting taxes?

Collecting taxes is an example of fiscal power, which is a fundamental aspect of a government's authority to generate revenue. This power allows governments to fund public services, infrastructure, and various programs essential for societal functioning. It is typically granted through legal frameworks and is crucial for maintaining economic stability and governance.

Trending Questions
What is the weaknesses of direct write off method? Do I have to pay income tax on the value of free rent for managing an apartment building? What does accounting services have to do with business to business services? Do you pay tax in the first year of starting your business? What is the function of collection processing and preservation of data in an office? What is fifth third prox payment terms? How are checking accounts to be used? When processing full payment on accounts receivables account do you credit cash or debit it? What are the two types of accounting system in branche acounting? As a small business owner should your corporation own your house so as to legally protect it and is the corporation owning it the only way that the business can pay association dues and property tax? When using a perpetual inventory system why are discounts credited to merchandise inventory? 4 fields of accounting? Merchandise inventory has a normal debit balance? What step will you take to convince your customer not to close their account in your bank? What action can I take againest the bank responsible for allow my account to be used by someone else for three years? How does a debit to an expense account ultimately affect retained earnings? How do you record a Stale cheque in bank reconciliation statement? What are the responsilibities of a bookkeeper? What are the advantages of manual order processing system? How much savings can you have and still apply for pension credits?