Question

Name three or four public services that are made available through the revenue from taxes.

Answer 1

Tax revenue can be outlined as the revenues collected from taxes on financial gain and profits, Social Security contributions, taxes imposed on product and services, payroll taxes, taxes on the possession and transfer of property, and alternative taxes.

General welfare, education, and food stamps are just three of the public services that are made available through the revenue from taxes.

Answer 2

Tax revenue is the income gained by governments through taxation. This revenue may be collected from individuals, companies or trade. The government decides the distribution of tax revenues. Revenues can be allocated for many different purposes. Some of them include infrastructural (mainly new roads), medical (building of hospitals) or educational purposes.