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Reported Question / Answer
Q.) Which of the following best describes the system of taxation under the U.SConstitution?
1)
States impose taxes on commerce, no other taxes allowed
2)
Central government imposes taxes on commerce, states impose property taxes
3)
Concurrent powers of taxation, except for taxes on commerce that can only be levied by the national government
4)
Concurrent powers of taxation, except for sales tax which can only be levied by the state governments
5)
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Answer :
3
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