McCulloch v. Maryland. Chief Justice Marshall said That the power of taxing it [the bank] by the States may be exercised so as to destroy it, is too obvious to be denied” (p. 427), and “That the power to tax involves the power to destroy … [is] not to be denied” (p. 431).
An egress tax is indeed unconstitutional. The problem is to determine what constitutes an egress/unreasonable tax.
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