Question

Explain what is meant by tax revenue? Explain its uses.

Answer 1

1:Tax revenue is defined as the revenues collected from taxes on income and profits, social security contributions, taxes levied on goods and services, payroll taxes, taxes on the ownership and transfer of property, and other taxes.
2:Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well.