Tax Revenue (Noun)
Meaning
Government income due to taxation.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The government relies heavily on tax revenue to fund its public programs and services.
- Tax revenue is a significant source of income for the government, accounting for nearly 80% of its total revenue.
- The recent economic downturn has resulted in a decline in tax revenue, forcing the government to make budget cuts.
- The new tax law is expected to increase tax revenue by closing loopholes and eliminating deductions.
- The government uses tax revenue to fund infrastructure projects, such as roads, bridges, and public transportation.