Taxing and Spending Clause | Taxing Spending Clause

Taxing And Spending Clause

Taxation in the United States

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Taxation
An aspect of fiscal policy
Policies Government revenue Tax revenue · Non-tax revenue Tax law · Tax bracket · Tax threshold Exemption · Credit · Deduction Tax shift · Tax cut · Tax holiday Tax advantage · Tax incentive Tax reform · Tax harmonization Tax competition · Double taxation Representation · Unions Medical savings account Tax, tariff and trade
Economics Price effect · Excess burden Tax incidence Laffer curve · Optimal tax Theory
Collection Revenue service · Revenue stamp Tax assessment · Taxable income Tax lien · Tax refund · Tax shield Tax residence · Tax preparation Tax investigation · Tax shelter Private tax collection · Tax farming
Noncompliance Tax avoidance · Tax evasion Tax resistance · Tax haven Smuggling · Black market Unreported employment · Tax shelter
Distribution Tax rate Progressive · Regressive Proportional
Types Direct · Indirect · Per unit · Ad valorem · In rem Capital gains · Carbon · Consumption Dividend · Ecotax · Excise · Georgist Gift · Gross receipts · Income Inheritance (estate) · Land value Payroll · Pigovian · Property Sales · Sin · Stamp · Turnover Value-added (VAT) Corporate profit · Excess profits Windfall profits · Negative (income) · Flat
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Trade Custom · Duty Tariff (Import · Export) · Tariff war Free trade · Free trade zone Trade pact
By country List of countries by tax rates Tax revenues as %GDP Albania · Algeria · Argentina · Australia · Azerbaijan · Bangladesh · Bhutan · Canada · China · Colombia · France · Germany · Greece · Iceland · India · Indonesia · Iran · Ireland · Israel · Italy · Japan · Kazakhstan · Lithuania · Taxation in Namibia · Netherlands · New Zealand · Norway · Pakistan · Palestinian territories · Peru · Russia · Singapore · South Africa · Sweden · Switzerland · Tanzania · United Kingdom · United States

Article I, Section 8, Clause 1 of the United States Constitution, is known as the Taxing and Spending Clause. It is the clause that gives the federal government of the United States its power of taxation. Component parts of this clause are known as the General Welfare Clause and the Uniformity Clause.

Read more about Taxing And Spending Clause: Origin, Powers Granted, Limitations On Taxing Power, Restrictions On Spending

Famous quotes containing the words taxing, spending and/or clause:

“I had now formed a clear and settled opinion, that the people of America were well warranted to resist a claim that their fellow-subjects in the mother-country should have the entire command of their fortunes, by taxing them without their consent.”
—James Boswell (1740–1795)

“Economy does not lie in sparing money, but in spending it wisely.”
—Thomas Henry Huxley (1825–95)

“Long ago I added to the true old adage of “What is everybody’s business is nobody’s business,” another clause which, I think, more than any other principle has served to influence my actions in life. That is, What is nobody’s business is my business.”
—Clara Barton (1821–1912)