Tax Revenue facts
While investigating facts about Tax Revenue Phone Number and Tax Revenue By Year, I found out little known, but curios details like:
Although GPS is free for the world to use, it costs $2 million per day to operate. The money comes from American tax revenue.
how tax revenue is used?
In the New Deal, FDR called for a new tax program called the Revenue Act of 1935, which imposed an income tax of 79% on incomes over $5 million. This tax rate affected literally one person: John D. Rockefeller.
What does the diagram show about tax revenue?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what is non tax revenue. Here are 50 of the best facts about Tax Revenue Canada and Tax Revenue Number I managed to collect.
what's tax revenue?
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The fall of Nokia has decimated Finland's economy: "By 2000, Nokia accounted for a mindboggling 4% of Finnish GDP, 70% of Helsinki's stock exchange market capital, 43% of corporate R&D, 21% of total exports and 14% of corporate tax revenues. It was and still is unprecedented."
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The IRS and the USPS both have a plan in place in case of a nuclear war. The IRS has an employee handbook called the "Internal Revenue Manual" that details how to collect taxes after the nukes. The USPS will continue delivering mail and has 60 million change-of-adress forms prepared.
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Prior to the income tax being enacted in 1913, the U.S. government got up to 40% of its revenue from alcohol taxes. Without the income tax in place, the Prohibition Amendment would likely not have been proposed by the Senate in 1917.
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New Jersey lost $140M in tax revenue after a hedge fund billionaire moved to Florida.
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In The Event of A Nuclear War, The United States Internal Revenue Service (IRS) Will Continue To Collect Taxes
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Drug dealers are legally required to pay a "drug tax" on their illegal contraband by buying a Drug Tax Stamp from the Department of Revenue
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The English monarch, William III was so broke he levied a tax on properties with too many windows to increase his revenue. This caused property owners to brick up any excess windows to avoid paying the tax. This is the origin of the term "Daylight Robbery"
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Japan's government debt is more than twice the GDP of Japan and it costs half of Japan's tax revenues just to pay the interest on the debt every year.
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Thomas Paine proposed a "Citizen's Dividend" upon the principle that the natural world is the common property of all persons so all citizens receive regular payments (dividends) from revenue raised by leasing or taxing the monopoly of valuable land and other natural resources...
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Bob Marley’s son, Damien, bought a 77,000 square foot prison in California for $4.1 million to convert into a medical weed growing facility. The operation has created over 100 jobs and generated millions in tax revenue for the state.
Why are tax revenues up?
You can easily fact check why tax is revenue by examining the linked well-known sources.
90% of US federal revenue came from sin taxes on alcohol and tobacco for decades after the Civil War
Alaska might be unprofitable. Some economists argue that since Russia sold it in 1867, the US has spent more on purchasing and governing Alaska than the tax and mining/oil royalty revenue it has produced, and that oil companies' profits there are insufficient compared to their investments. - source
Alaska has for almost 40 years paid all its residents more than $1,000 per year as a dividend from the state’s tax revenues from oil. A decision has been made to use the wealth from oil to activate all residents rather than to expand the state’s public budget. - source
Italy opened a casino during WW1 to get information from foreign diplomats while they relaxed. Today the Casino di Campione is one of Europe's largest; its revenue makes the local area a tax-free zone.
Colorado made so much tax revenue from Marijuana in 2015 that the state had a tax holiday and removed all Marijuana related tax for one day - source
When the federal government's collection of tax revenues?
The psychoactive plant "Kratom" was originally banned in the country it is indigenous to (Thailand) because it was reducing the Thai government's tax revenue from opium distribution.
How to claim tax back online revenue?
An Italian enclave within Switzerland called Campione d'Italia used to live entirely from the proceeds of the local casino, which was Europe's largest, without the need for any other taxes or revenues - until it went bankrupt in 2018. Now the entire village is in debt & may become a ghost town.
The Chinese central government got 6.3% of its tax revenue (~$130 billion USD) from cigarette taxes in 2013.
The U.S. Department of the Treasury's government agency responsible for collecting income tax is the IRS (Internal Revenue Service). This agency is also responsible for enforcing tax laws.
Long time FBI director J. Edgar Hoover used his power to encourage the U.S. Internal Revenue Service to audit John Steinbeck's taxes every single year of his life, just to annoy him.
Japan's public debt is 227% of it's GDP, and the cost of servicing Japan's public debt uses up half of the state's tax revenues.