Federal tax revenues refer to the money collected by the government through various taxes imposed on individuals and businesses. These funds are used to finance public services, programs, and other government expenditures.
Related terms
Income Tax: A tax levied on individuals' earnings or income, which is calculated based on their salary or wages.
Sales Tax: A tax imposed on goods and services purchased by consumers, usually added at the point of sale.
Corporate Tax: A tax imposed on the profits earned by businesses or corporations, helping fund public programs and infrastructure.