Other than the power to prosecute, the taxing authority is the most awesome power the government has.
The U.S. tax system is so complex, with so many layers of taxing authority, that nobody really knows.
The government or taxing authority does not generate any of its own revenue.
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No one seemed to eliminate the lightly-discussed argument that Congress had the power to pass the law under its broad taxing authority.
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Roberts, however, wrote in the majority opinion that Congress exercised an authority it held to assess a tax, rather than create any new taxing authority.
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The Affordable Care Act is constitutional under Congress's taxing authority, but this is clearly a penalty that affects less than 1 percent of the American population.
Unless they are given complete control of the PIIGS spending and taxing authority, the Germans will most likely abandon their parenting role in Europe in due course.
Republicans also called for tax code reforms, but with the goal of slashing the responsibilities of the agency as part of the party's longstanding push for smaller government and a reduced taxing authority.
The constitutionality of the case hinged on two points: the ability of Congress to impose the individual mandate under the taxing authority and the unwillingness of the Court to question the wisdom of the law.
The Schwab California AMT Tax- Free Money-Fund, with a tempting 3% yield (net of a 0.45% expense ratio), contains, according to the latest published portfolio, a significant chunk of revenue bonds--meaning bonds not backed by the taxing authority of a state or local government.
President Aleksander Kwasniewski's nominee, Marek Belka, a former finance minister who was until recently an economic adviser to the Coalition Provisional Authority in Iraq, may well lose his first (and more taxing) confidence vote next week.
Yet even if the government loses that argument, there is little doubt that Congress has the authority to fix the law to make it a valid exercise of the taxing power.
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