Benefit principle

Benefit principle,

Definition of Benefit principle:

  1. Taxation concept that those who benefit more from government expenditure should pay more taxes to support such expenditure. See also ability to pay principle.

Meaning of Benefit principle & Benefit principle Definition

Benefit Principle,

What is The Definition of Benefit Principle?

  • Meaning of Benefit Principle: The principle of taxation states that those who benefit the most from tax-funded public spending should pay more in taxes on goods or services that benefit less.

Literal Meanings of Benefit Principle

Benefit:

Meanings of Benefit:
  1. Benefit or benefit comes from something.

  2. Payments or gifts from owners, governments or insurance companies.

  3. Public performances or other entertainment whose income is donated to some charitable cause.

  4. Take advantage of it.

Sentences of Benefit
  1. Social assistance benefits

  2. Fremantization marks newcomers to the season by dancing and discounting profits

Synonyms of Benefit

benefit payments, convenience, pension, comfort, social security payments, well-being, enjoyment, satisfaction, unemployment benefit, state benefit, sick pay, social security, sake, insurance money, interest, ease, reap benefits, good, reap financial reward, government benefit, advantage

Principle:

Meanings of Principle:
  1. A basic truth or statement that serves as the basis of a belief system or practice, or chain of reasoning.

  2. General scientific theories or laws that have many special uses in a wide range of fields.

  3. The source or basic basis of something.

Sentences of Principle
  1. Fundamentals of Christianity

  2. Physics has a great advantage here, because the ability to draw interesting conclusions from general principles is found earlier in physics than in other sciences.

Synonyms of Principle

concept, theory, postulate, idea, proposition, truth