According to the Meltzer-Richards model of the size of government, preferences over tax rates are a function of a voter's income. Voters with a higher-than-average level of income prefer low taxes while voters with a lower-than-average income prefer high taxes.

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This statement accurately reflects the Meltzer-Richards model, which posits that voters' preferences over tax rates are largely determined by their income levels. Specifically, individuals with higher incomes tend to favor lower tax rates, while those with lower incomes prefer higher tax rates. This pattern is driven by the fact that high-income individuals have more to lose from taxation, as their tax burden will be proportionally larger, whereas low-income individuals may benefit from government transfers and services funded by tax revenue.

According to the Meltzer-Richards Model of the Size of Government