tax revenue


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tax revenue

the money raised by government through the imposition of TAXES. Tax revenue from income (INCOME TAX, etc.) depends upon the income TAX RATE and the level of TAXABLE INCOME, while tax revenue from expenditure (VALUE-ADDED TAX, etc.) depends upon the indirect tax rate and the level of taxable expenditure. Government's tax revenue varies with the level of economic activity, increasing during periods of prosperity when more people have jobs and taxable incomes and spend more.
References in periodicals archive ?
The 2009 tax revenue in the third quarter totaled $266.
The scenario is that the access road needed to make the plaza possible could be partly financed by a share of the sales tax revenue generated by the plaza,'' the city treasurer, Darren Hernandez, said Wednesday.
Corporate income taxes are not the only source of tax revenue that states claim are being eroded.
The city's 1 percent share of locally generated sales tax revenue grew by $506,933 compared with the last three months of the previous year.
land value increment tax revenue totaled NT$66 billion (US$2.
Japan's tax revenues for fiscal 2008 will most likely fall far below the government's latest projection of 46,429.
Auto sales represent 21 percent of our total sales tax revenue,'' Hernandez said.
Taipei, June 10, 2009 (CENS)--The government's tax revenue plunged US$125.