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 MOF estimates the real tax revenues collected for the year might be short NT$20 billion (US$666.
As a result, the cumulative total of corporate tax revenues stood at 1,184.
When the proposed Transit Village is completed, it will have the ability to generate an estimated 15 to 20 times more tax revenue annually.
State governments have long claimed that tax revenues are decreasing, largely due to tax evasion schemes.
In the same seven-month period, commodity tax revenues soared 13.
The gasoline tax component of general account tax revenues jumped 39.
Influenced by the luxury tax that began effective in June, the number of land transactions and land value increment tax revenues dropped a monthly 12.
The bonus cuts led personal income tax revenues to plunge 19.