The power to tax at federal, state, and local levels is classified as what type of power?

The power to tax at the federal, state, and local levels is classified as a concurrent power. Concurrent powers are those that are shared by multiple levels of government, meaning that both federal and state governments have the authority to levy taxes. This allows for a cohesive financial system where various government entities can impose taxes for their respective purposes, such as funding services and infrastructure.

In contrast, reserved powers are those specifically allocated to the states, enumerated powers refer to those explicitly granted to the federal government by the Constitution, and executive powers are associated with the actions and responsibilities of the executive branch of government, such as the president or governors. The classification of taxation as a concurrent power highlights the collaborative nature of federalism, where different governmental levels can exercise certain key functions simultaneously.