MANAGEMENT

Detailed explanation-1: -The power of taxation, along with the power of eminent domain and police power, is one of the inherent powers of the government. It is an inherent attribute of sovereignty. This means that it exists simply because the State exists.

Detailed explanation-2: -The Supreme Court has held in numerous decisions that taxes are the lifeblood of the nation. Without taxes, the government would be paralyzed for lack of the motive power to activate and operate it.

Detailed explanation-3: -Taxation, as a power of the state, is inherent in sovereignty. Power of the state by which the sovereign raises revenue to defray the necessary expenses of the government.

Detailed explanation-4: -The correct option is A Tax. The money received by the government from the people for their welfare is known as Tax money. It is a compulsory contribution to the state revenue, mandated by the government on workers’ income and business profits, or added to the cost of goods, services, and various transactions.