Civil Law, 2011 Bar — Question 50

MULTIPLE CHOICE

Congress passed a law imposing taxes on income earned out of a particular activity that was not previously taxed. The law, however, taxed incomes already earned within the fiscal year when the law took effect. Is the law valid? A) No, because laws are intended to be prospective, not retroactive. B) No, the law is arbitrary in that it taxes income that has already been spent. C) Yes, since tax laws are the lifeblood of the nation. D) Yes, tax laws are an exception; they can be given retroactive effect.

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