the.com/tax revenue
the government's paycheck, deducted from everyone else's first.
means the money a government collects through taxes to fund public spending, from roads to rockets to bureaucratic PDFs.
from from latin taxare, to assess or estimate, and revenue from french revenir, to come back — literally, money that returns to the state after leaving your pocket.
largest sourceincome tax funds most rich-country budgets
laffer curvetax rates can rise so high revenue falls
vat inventionfrance created it in 1954, now used by 170+ countries
tax havenscost countries an estimated 480 billion dollars yearly
for instance
us federal income tax — raised about 2.2 trillion dollars in 2023 alone
norway oil fund — petroleum tax revenue built a trillion-dollar sovereign wealth fund
uk window tax — 1696 levy so hated people bricked up windows to dodge it
china vat reform — 2016 overhaul merged business tax into vat nationwide