Tax Income (Noun)
Meaning
Government income due to taxation.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The government relies heavily on tax income to fund its public services and infrastructure projects.
- Tax income is a significant source of revenue for the government, accounting for nearly 70% of its total income.
- The country's tax income has increased substantially over the past few years due to economic growth and tax reforms.
- The government's tax income is used to fund various social welfare programs, including healthcare and education.
- A significant portion of the government's tax income is allocated towards defense spending and national security.