Tax Revenue
Tax revenue refers to the money that governments collect from individuals and businesses through various forms of taxation. This revenue is essential for funding public services such as education, healthcare, infrastructure, and social programs. Taxes can come in many forms, including income tax, sales tax, property tax, and corporate tax.
Governments use tax revenue to maintain and improve the economy and the well-being of their citizens. By collecting taxes, they can invest in essential services and projects that benefit society as a whole. Effective tax collection is crucial for ensuring that a government can meet its obligations and support its population.