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Economics

Answered

There are some distinctions of police power from taxation, what are those? Give at least FIVE (5) examples as to what distinction of police power have.

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Answer:

1. Regulation

Police power regulates property and liberty. Taxation power regulates only property.

2. Property taken

Police power - property is destroyed

Taxation - property is for public use

3. Limitation

Police power - cost of license

Taxation - no limit

4. Compensation

Police power - intangible

Taxation - fair and just compensation

5. Purpose

Police power - promote general welfare

Taxation - to raise revenue

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