https://padlet.com/johnnyfigueroa5/s0oic1q75hwa en-us 2018-10-23 16:51:32 UTC 2018-10-24 16:56:58 UTC hello@padlet.com johnnyfigueroa5 https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296069500 The Purpose of Taxes-
The Federal Government takes trillions of dollars in fiscal every year. The reason for it to "protect" domestic industry against foreign competition by raising the cost of foreign goods]]> 2018-10-23 16:54:07 UTC https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296069500 johnnyfigueroa5 https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296542088 Because of the Constitution, Congress can't tax everything that a U.S. citizen does. For example, Congress can't lay a tax on church because it violates the 1st Amendment ]]> 2018-10-24 16:20:40 UTC https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296542088 johnnyfigueroa5 https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296544555 There is four limitations that the Constitution places. 1: Congress can tax only for public purposes. 2: Congress may not tax exports. 3: Direct taxes must be apportioned among the States. 4: All indirect taxes levied by the Federal Government must be levied at the same rate in every part of the country]]> 2018-10-24 16:24:09 UTC https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296544555 johnnyfigueroa5 https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296547979 Congress has the power to borrow money on credit of the United States. They can borrow as much as they want. The Federal Government has practiced deficit financing which is they spent more money then they get and then borrow the rest of the money.]]> 2018-10-24 16:29:21 UTC https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296547979 johnnyfigueroa5 https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296555189 The Balance Budget Act of 1997 was President Clinton and Congress agreed to eliminate deficit financing by 2002. The economy was so robust back then that their goal was achieved much sooner. Three major factors combined to make those four years of budget surpluses on the economy: 1 a sharp downturn in the economy; 2 several major tax cuts pushed by President Bush and enacted by Congress; 3 the onset of the global war on terrorism in 2001 and the ongoing conflicts in Afghanistan and Iraq.]]> 2018-10-24 16:40:39 UTC https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296555189 johnnyfigueroa5 https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296560837 The power of Congress to regulate interstate and foreign trade. The commerce power played an major role in the formation of the Union.The Commerce Clause proved to be more responsible for the building of a strong United States ]]> 2018-10-24 16:49:20 UTC https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296560837 johnnyfigueroa5 https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296563912 First case involving the Commerce Clause reached the Supreme Court. Came about over a clash over regulation of steamboats by New York]]> 2018-10-24 16:54:39 UTC https://padlet.com/johnnyfigueroa5/s0oic1q75hwa/wish/296563912