Definition, Meaning & Synonyms
tax-revenue
Noun
/tæks ˈrɛvənjuː/
Definition
The income generated from taxes imposed by the government on individuals and businesses.
Examples
- Increased tax revenue allows the government to invest more in public education.
- Many countries rely heavily on tax revenue to support their national budgets.
- Tax revenue can fluctuate based on economic conditions, affecting government spending.
Meaning
Tax revenue represents the government’s earnings from various forms of taxation, which are used to fund public services and infrastructure.
Synonyms
- tax income
- tax proceeds
- government revenue
- fiscal revenue
