How To Calculate Government Revenue From Tax

Australian government has imposed a tax on beer.

How to calculate government revenue from tax. Calculate the amount of tax revenue collected by the government and the distribution of tax payments between buyers and. For instance in 2013 the state of new jersey collected a total of 8 235 billion in sales and use tax revenues which was approximately 30 5 percent of the 27 billion the state government collected from all taxes and fees for the same period. Assume that the tax on beer is 20 per unit a unit is a carton of drinks assume the demand and supply functions for cartons of beers per week are. Tax revenue is the income that is gained by governments through taxation taxation is the primary source of government revenue revenue may be extracted from sources such as individuals public enterprises trade royalties on natural resources and or foreign aid an inefficient collection of taxes is greater in countries characterized by poverty a large agricultural sector and large amounts of.