Final answer:
The statement that colonists were not opposed to taxation itself but to the way tax money was used is true, reflecting their demand for 'no taxation without representation'.
Step-by-step explanation:
The assertion that the colonists did not necessarily object to the principle of taxation, but rather to the manner in which the tax money would be applied is true. This fundamental disagreement stemmed from the colonists' belief in the concept of 'no taxation without representation'. They were willing to pay taxes, but only if they had a say in the government decisions on how their taxes were spent, which they lacked in the British colonial system. The slogan became a rallying cry for their demand for political agency and meant that the conflict was not about the very existence of taxes but their control over the fiscal policies affecting them.