Tax Revenue Definition Government

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Tax revenue definition government. Tax revenue can be regarded as one measure of the degree to which the government controls the economy s resources. Tax revenue forms part of the receipt budget which in turn is a part of the annual financial statement of the union budget. Government revenue as well as government spending are components of the government budget and important tools of the government s fiscal policy. Total tax revenue as a percentage of gdp indicates the share of a country s output that is collected by the government through taxes.

Tax revenue government income due to taxation tax income taxation revenue government income government revenue income available to the. The tax burden is measured by taking the total tax revenues received as a percentage of gdp. Some of the most common types of taxes include those on income purchases and real property tax revenues are used to finance the government and help maintain public works. Total tax revenue as a percentage of gdp indicates the share of the country s output collected by the government through taxes.

Tax revenue synonyms tax revenue pronunciation tax revenue translation english dictionary definition of tax revenue. Tax revenue definition of tax revenue by the free. Tax revenue is the result of the application of a tax rate to a tax base. What does tax revenue mean.

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. Government revenue or national revenue is money received by a government from taxes and non tax sources to enable it to undertake government expenditures. Tax revenue typically refers to monies collected by governments as the result of taxes imposed on their citizens. It can be regarded as one measure of the degree to which the government controls the economy s resources.

Tax income taxation tax revenue revenue noun government income due to taxation. The total amount of money that the government receives from taxation meaning pronunciation translations and examples. Seignorage is one of the ways a government can increase revenue by deflating the value of its.