The benefits received rule isn't really a rule at all. It's more of a idea, an action plan.
The principle states that the amount a person pays in taxes should relate to the amount of benefits they receive from the government. In this theory, the relationship between citizen and government is closer to the relationship between customer and business. The benefits received rule more closely approximates a market model compared to the typical tax systems in play.
Most tax systems among the world's democracies are what's called "progressive" meaning that the size of someone's tax bill increases as income increases. The amount paid is decided by the ability to pay, not by the amount of government services received.
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Finance: What is a Beneficiary?25 Views
Finance a la shmoop.. what is a beneficiary? well in Latin, bene is
good so this is like a good place to catch fish...well close not [Old man fishing in the ocean]
really but being a beneficiary is good it means you get stuff like if you are
the beneficiary of weird uncle Al's will then you get his odd collection of hair
balls shaped like US presidents and thirty two thousand two hundred sixty [Uncle Al's will appears]
$9.32... in essence then you are the beneficiary of his will you are the one
set up to benefit by the death of someone who wanted to favor you with
their assets when they had you know passed on to the great beyond where hair [Uncle Al with white wings in heaven]
balls will fall....
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