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Question: What precedents were cited in McCulloch v!. Maryland!?
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The Bank of the United States has, constitutionally, a right to establish its branches or offices of discount and deposit within any state!.
The State within which such branch may be established cannot, without violating the Constitution, tax that branch!.
The State governments have no right to tax any of the constitutional means employed by the Government of the Union to execute its constitutional powers!.
The States have no power, by taxation or otherwise, to retard, impede, burthen, or in any manner control the operations of the constitutional laws enacted by Congress to carry into effect the powers vested in the national Government!.
This principle does not extend to a tax paid by the real property of the Bank of the United States in common with the other real property in a particular state, nor to a tax imposed on the proprietary interest which the citizens of that State may hold in this institution, in common with other property of the same description throughout the State!.
This was an action of debt, brought by the defendant in error, John James, who sued as well for himself as for the State of Maryland, in the County Court of Baltimore County, in the said State, against the plaintiff in error, McCulloch, to recover certain penalties, under the act of the Legislature of Maryland hereafter mentioned!. Judgment being rendered against the plaintiff in error, upon the following statement of facts agreed and submitted to the court by the parties, was affirmed by the Court of Appeals of the State of Maryland, the highest court of law of said State, and the cause was brought by writ of error to this Court!.

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Taxing banks which were charted by Congress!. The Supreme court stipulated that Congress may create banks and that states may not tax the Federal Government!.Www@QuestionHome@Com