PAD-3003 Chapter Notes - Chapter 1: National Weather Service, Federal Trade Commission, Federal Housing Administration
2 Feb 2017
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Document Summary
Government has the power to tax to pay for infrastructure. Taxation: necessary to support the 3 branches of govt, particularly the exec. branch w/ its wide array of functions. State constitutions extend that taxing power to states, which then authorize counties, cities, towns, villages, and special districts to levy taxes. Government is considered a sovereign body (highest authority in a speci c region) Govt takes in funds by taxing its citizenry. A measure based on the amount of goods and services produced within the borders of the us. Measured by adding together the total amount of money spent on producing goods and services. Fed, state, and local govt. spending was approx. Typically levied by states; encountered at most retail stores. Majority of states do not tax: food, medical care, landscaping, salon, taxi and courier svcs. Tolls (direct tax for the use of integrated transportation networks)
