Final answer:
The assertion that the colonists were more concerned with the lack of representation in taxation than the taxation itself is true. They wanted a voice in the taxation process.
Step-by-step explanation:
The statement that the colonists did not necessarily object to the principle of taxation, but rather how the tax money would be applied is true. The American colonists were more concerned with the fact that they were being taxed without their consent and without representation in the British Parliament, which led to the famous cry of "no taxation without representation." They believed that as English subjects, they should have a say in how their taxes were levied and spent.