Respectfully Quoted: A Dictionary of Quotations. 1989.
NUMBER: | 1798 |
AUTHOR: | Daniel Webster (17821852) |
QUOTATION: | The power to tax is the power to destroy. |
ATTRIBUTION: | This quotation comes from the words of Webster, in arguing the case, said: An unlimited power to tax involves, necessarily, a power to destroy, 17 U.S. 327 (1819). In his decision, Chief Justice Marshall said: That the power of taxing it [the bank] by the States may be exercised so as to destroy it, is too obvious to be denied (p. 427), and That the power to tax involves the power to destroy [is] not to be denied (p. 431). |
SUBJECTS: | Taxation |