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The benefits principle says that taxes should be used to benefit the maximum number of people.
Benefits Principle
A concept suggesting that people should pay taxes based on the benefits they receive from government services, aiming for fairness in tax distribution.
Taxes
Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Maximum Number
The highest attainable or allowed number, often used in contexts like optimizing outputs, capacities, or selections.
- Differentiate among the various principles guiding taxation policies, such as the benefits principle and the ability-to-pay principle.
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Learning Objectives
- Differentiate among the various principles guiding taxation policies, such as the benefits principle and the ability-to-pay principle.
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