Examlex
The Federal Tax Coordinator (FTC)is generally considered the most comprehensive of the three editorial sources in Checkpoint.
Benefits-Received Principle
The concept that individuals should be taxed in proportion to the benefits they receive from government services.
Taxpayer Contributions
Monies paid into a government treasury by individuals or businesses for public use and services.
Public Expenditures
Money spent by the government on various services and projects for the public good.
Ability-to-Pay Principle
A principle in taxation that states taxes should be levied according to a taxpayer's ability to pay, typically implying higher taxes for those with higher income.
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