“The power to tax, involves the power to destroy.”
Supreme Court Justice
McCulloch v. Maryland (1819)
After the Panic of 1819, several states blamed the Second Bank of the United States for causing the panic and retaliated with taxation. Supreme Court Justice John Marshall declared, “The power to tax, involves the power to destroy.”, and the states lacked the authority to destroy an agency created by the national government.
Eric Foner, 2014, Give Me Liberty