Collecting Taxes is the power delegated to the Federal Government.
What is meant by taxes?
A tax is basically a compulsory financial charge or some type of levy imposed on a taxpayer (legal entity or an individual) by a governmental organization in order to fund the government spendings and various public expenditures, and tax compliance refers to the policy actions and individual behaviour aimed at ensuring that taxpayers are paying right amount of taxes at the right time and securing the correct tax reliefs and tax allowances .
The first known taxation took place in the Ancient Egypt around 3000–2800 BC. A failure to pay on time , along with resistance or evasion of to taxation, is punishable by law. Taxes mainly consist of direct or indirect taxes and may be paid in money or as its labor equivalent.
What is a Federal Government?
The Federal Government is basically composed of three distinct branches i.e legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the Federal courts and the President, respectively.
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