Tax and revenue

You won't believe these 10 facts about people Tax revenue typically refers to monies collected by governments as the result of taxes imposed on their citizens. Some of the most common types of taxes include those on income, purchases, and real property. Tax revenues are used to finance the government and help maintain public works.

Tax and revenue

This European model was later exported all around the world. At the same time, the high taxation forces them to become accountable with their citizens, which strengthens the democracy. Overall tax revenue will therefore rise. Conversely, for price-elastic goods, an increase in tax rate or duty would lead to a fall in tax revenue.

Laffer curve[ edit ] The Laffer curve theorises that, even Tax and revenue price-inelastic goods such as addictive necessary itemsthere will be a tax revenue maximising point, beyond which total tax revenue will fall as taxes increase.

A cost limit on what can actually be afforded The existence of expensive substitutes which become less expensive An increase in tax evasion e.

Per capita income PCI is the most often used measure of relative fiscal capacity.

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A representative tax system should assess the level of personal income, the value of retail sales and the value of property to compute fiscal capacity. To do so the average tax rate for each base is computed by dividing the total revenue derived by the total value of the base.

Thus, as an example, income taxes collected would be divided by total income to yield a rate of taxation. Personal Income Tax Sales Tax Property Tax Corporate Tax total revenue total revenue total revenue total revenue The averages of each tax base can be used in comparison to other states or communities, that is, the average of other states or communities, to determine whether or not a government compares favorably regionally or nationally.

A state or community's standing on these various bases may affect its ability to attract new industry. The resulting rates, high or low in comparison, can become targets for change. The mission of revenue administration is to provide prudent and innovative revenue, investment and risk management and to regulate the use of government capital.

Manage and invest financial assets prudently Administer tax and revenue programs fairly and efficiently Manage risk associated with loss of public assets Regulate capital expenditure New real estate development may not only enhance the economic base of a state or community, and it may also expand the tax base.

It is not always the case, however, that new developments, especially if not properly planned, can in the aggregate, have a negative impact on the tax base.

Economic development traditionally focuses on such things as job generation, the provision of affordable housing, and the creation of retail centers.

Tax base expansion focuses primarily on maintaining and enhancing real estate values within the municipality. Municipalities tend to pursue economic development with religious fervor and often do not think strategically about the overall real estate impacts of their economic development initiatives.

Yet the existing tax base in almost every municipality throughout the United States is an important source of revenue for funding municipal and school expenditures.


For public sector officials it is important to recognize the potential for a conflict between these two distinct, yet overlapping areas of public policy, and to establish procedures to achieve the proper balance in this regard. In summary, the concept of tax base management is really one of asset management and is particularly important in U.

In addition to being responsible for managing the tax base, a community should also be responsible for helping to ensure economic prosperity for its citizens.

These two goals can conflict unless a long-term view is taken regarding public policy actions, and unless the impact of alternate development actions and programs and priorities are not carefully evaluated.

Good tax base management may lead to even better economic development, because investors and businesses will want to be in a community.Nebraska Department of Revenue.

Nebraska Department of Revenue

Click here for ways to contact us and mailing addresses. Register your business to collect sales tax here. Specific Tax Info.

Business Income Tax. Cigarettes/Other Tobacco Products. Individual Income Tax. Use Tax for Individuals. Nebraska & County Lodging Tax. The Delaware Division of Revenue's mission is to collect % of the taxes and other revenues required by law to be remitted to the State of Delaware, no more and no less, and strive to do so in a manner that creates the highest possible level of satisfaction on the part of our customers.

This is a table of the total federal tax revenue by state collected by the U.S.

What Is Tax Revenue? (with pictures)

Internal Revenue Service. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S.

Tax and revenue

state, the District of Columbia, and Puerto Rico. Debt To Tax Revenue Ratio - IRS Debt Help and Tax Debt Relief Options [ Debt To Tax Revenue Ratio ] Solve Your IRS Tax Problems! Revenue is committed to providing a wide range of online services to business and personal tax payers.

It looks like you have JavaScript disabled. Certain parts of this website may not work without it. The Office of Tax and Revenue's (OTR) real property tax database provides online access to real property information that was formerly available only through manual searches and at various DC public libraries.

You can obtain property value, assessment roll, and other information for more than , parcels using the links below.

Tax and revenue

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HM Revenue & Customs -