Microeconomics: Principles, Problems, & Policies, 20th Edition

by McConnell, Campbell; Brue, Stanley; Flynn, Sean

Published by McGraw-Hill Education

ISBN 10: 0077660811

ISBN 13: 978-0-07766-081-9

Chapter 18 - Public Finance: Expenditures and Taxes - Discussion Questions - Page 425: 7

Answer

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Work Step by Step

The benefits-received principle states that those who pay the taxes should receive the benefits. In reality, taxes often redistribute wealth, charging more to the wealthy and giving more to the poor.

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