Asked by priya tripathi on Jun 25, 2024
Verified
When Supreme Court Justice Oliver Wendell Holmes stated, "Taxes are the price we pay for civilization," he meant that
A) all cultural and educational services and events need to be taxed.
B) taxes are the major source of funding for the goods and services provided by government.
C) tax rates should be higher on higher-income well-educated households.
D) we should collect taxes mostly from those who benefit from the government-provided goods and services.
Taxes
Compulsory financial charges or levies imposed by a government on its citizens to fund public expenditures.
Civilization
A complex human society characterized by the development of cities, social stratification, and a variety of cultural and technological advancements.
- Understand the principles and types of taxation.
Verified Answer
SS
shaurya sethiJun 26, 2024
Final Answer :
B
Explanation :
Holmes's statement implies that taxes fund the various services and infrastructure provided by the government, which are essential for a civilized society. This includes public goods and services that benefit the community as a whole.
Learning Objectives
- Understand the principles and types of taxation.
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