Tax Revenues facts

While investigating facts about Tax Revenues By Year and Tax Revenues 2018, 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 do governments use tax revenues?

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 do governments spend cigarette tax revenues on?

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 are tax revenues. Here are 50 of the best facts about Tax Revenues Uk and Tax Revenues Up I managed to collect.

for what do governments use tax revenues?

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."
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.
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.
New Jersey lost $140M in tax revenue after a hedge fund billionaire moved to Florida.
In The Event of A Nuclear War, The United States Internal Revenue Service (IRS) Will Continue To Collect Taxes
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
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"
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.
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...
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.

tax revenues facts — Most sales tax revenues go to what governments?

Why have corporate tax revenues declined?

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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 tax revenues exceed the government's outlays the budget?

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 increase tax revenues?

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.

When tax revenues minus outlays is?

Until recently, traffic lights in the UK were timed to intentionally waste fuel and increase fuel tax revenue

Intellectual property has become a core tool in corporate tax planning and tax avoidance, which the OECD estimates costs $100–240 billion in lost annual tax revenues

The Sons of Liberty were responsible for the Boston Tea Party, which was in protest of the Townsend Revenue Act that taxed tea, paint, and lead that had been repealed to allow the British to sell tea in the colonies. The Sons of Liberty threw 90,000 pounds of tea into the Boston Harbor.

Several countries added a special tax onto blank cassette tapes to counter lost recording industry revenue due to music piracy.

The United States tax gap is 600 billion dollars (taxes not collected due to tax avoidance) the equivalent to the entire military budget or 20% of total revenue.

How to deflate tax revenues?

Tariffs generate tax revenue at the expense of consumers, who pay higher prices.

The internal revenue tax was first enacted so the Union would have the finances to defeat the Confederacy during the American Civil War

In the US, the Internal Revenue section of the tax code includes a personal exemption for people who make their own cigarettes and tobacco.

When people pay to dispose of their e-waste the e-waste is often shipped overseas rather than properly recycled. This is a highly profitable way for companies to make additional revenue and receive tax breaks from the government.

The largest tax break in the US is the health insurance exclusion, which is estimated to cost $250 Billion in lost tax revenue every year.

After destroying Jerusalem and its temple in 70 AD, Rome imposed a tax on all Jews living in the Roman Empire. The revenues were donated to the pagan temple of Jupiter Optimus Maximus in Rome.

Google funneled $10 billion in revenue into a shell company in Bermuda in 2012, and dodged $2 billion in income taxes worldwide.

In Guam, any person who is an expert in karate, judo, or any similar martial art must register with the Department of Tax and Revenue.

The 38 story Times Tower in Kenya is designed to resist earthquakes. The only tenant of the building is the Kenya Revenue Authority is often the site of long queues, especially near the 20th of every month when taxes are due to be paid

Despite making up just 0.5% of the population, Jains contribute 24% of income tax revenue in India

About 2/3 of deals made on-camera on Shark Tank never go-through, due in-part to red flags found during the vetting process of personal and the company financials, taxes, and legal issues. Also, those who leave w/o a deal still surrender either 5% equity or 2.5% of annual revenue in perpetuity.

There is a US legislation from 1937 that directs revenue from a 11% excise tax on bullets to state-level wildlife restoration and preservation

In 2001, tobacco company Phillip Morris published a survey for the Czech government that said that smokers' early mortality and cigarette-tax revenue, outweighed the costs of health-care and lost tax revenue from early death and that smoking was beneficial to Czech public finances.

A prime example of British colonial looting: Each mile of Indian railway construction in the 1850s and 1860s costed an average of £18,000, as against the dollar equivalent of £2000 at the same time in the US. The extra costs were claimed from Indian people through added taxes and revenues.

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