Final answer:
Taxes are indeed a shared power between the Federal Government and the States, as specified in the Constitution.
Step-by-step explanation:
Taxes are a shared power between the Federal Government and the States. This is true. The Constitution grants the power to levy taxes to both the Federal Government and the States. However, the Constitution also establishes that federal law prevails over state law in case of conflict. This means that while both levels of government have the power to tax, federal taxes generally take precedence over state taxes.
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