By jaelinu, Updated
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No way, I am NOT paying those crazy taxes!
Alexander Hamilton wanted to have a National bank but most states didn’t want it to compete with the banks that they already had.
Then the state of Maryland imposed a tax on the bank of $15,000 a year. However James McCulloch refused to pay.
They then took it to the court in a case known as McCulloch v. Maryland. It was one of the first and most important Supreme Court cases on federal power.
Chief Justice John Marshall wrote, "Although, among the enumerated powers of the government, we do not find the word 'bank,'... we find great powers to lay and collect taxes; to borrow money; to regulate commerce..."
So basically the State was not allowed to tax anything from the federal government because it did not belong to the state.
The Supreme Court unanimously ruled that Maryland could not tax the national bank in favor of McCulloch.
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