benefits received definition
DEFINITION of 'Benefits Received Rule'. 1. A theory of income tax fairness that says people should pay taxes based on the benefits they receive from the government.2. A tax provision that says a donor who receives a tangible benefit from making a charitable contribution must subtract the value of that benefit from the amount claimed as an income tax deduction.. The appeal of the benefits received rule is its apparent fairness-those who benefit from a service should be the ones who pay for it.