What is an example of a concurrent power?

The power to tax is indeed an example of a concurrent power because it is held by both the federal government and state governments. Concurrent powers are those that are exercised simultaneously by both levels of government, allowing for cooperation and overlap in function. The ability to levy taxes is essential for both state and federal governments to generate revenue to fund public services, infrastructure, and overall government operations, showcasing the interdependent relationship between the two levels of governance.

In contrast, the power to declare war is a power reserved solely for the federal government, highlighting its exclusive authority in matters of national defense and military action. The power to issue currency is also an exclusive power of the federal government, as it pertains to the regulation of money and financial systems on a national level, ensuring a stable economic environment. Lastly, the regulation of immigration falls primarily under federal jurisdiction, as it involves national policy and international relations. Thus, the power to tax stands out as a clear example of a power shared between state and federal entities.