what is The differences between tax and revenue?

[Heatman]

Just simply put, tax is expenses made by a business owner or a company or an individual while revenue is income that come into the business owner's account or company's account or individual account.

 

[Stylex]

tax and revenue are two different words that sounds same ,tax is a compulsory payments that you made, normally for government workers tax will be deducted from there account,while revenue is the amount of money you pay while buying a product but it is not compulsory

 

[Bright7777]

The difference between tax and revenue is that tax is a compulsory payment made to the government by individuals and business owners living in the country while revenue is money you generate by doing business.

 

[Heatman]

The difference between tax and revenue is that tax is a compulsory payment made to the government by individuals and business owners living in the country while revenue is money you generate by doing business.

One thing with paying taxes is that even if you don't go to the tax offices to pay then as your duty as a citizen implies, you will pay it one way or another from purchasing items that are taxed already.

 

[Immilash]

taks is the amount of money you have to pay to the government so that it can pay for public service, while revenue is the amount of money the government receives taxes.

 

[Kaffyfolla]

Taxes are involuntary fees levied on individuals or corporations and enforced by a government entity - whether local, regional or national - in order to finance government activities while revenue is the total amount of money that a company receives from the sale of goods or services, including discounts and deductions for returned merchandise

 

[Popular]

Tax is an amount of money imposed on private individuals and businesses by the government over period of time. While Revenue is the total amount of money generated by the sales of goods and services rendered.

 

[Heatman]

Some years ago, there was a lot of cases with footballers who evaded paying their taxes. There was a peculiar case with Messi at Barcelona back then which was latter settled and he had to pay million for Euros for it. Now, I keep wondering why they do that? It's not like they can't afford to pay for those taxes, so why try to evade pay it?

 

[tyrim88]

Tax is usually the money government collects most times mainly from salaries,utilities and some basic produce within a country,and this is what the government use to fulfil its obligations to its citizen,then the revenue is the various forms of money coming into government coffers.

And again the aspect of revenue thais acuring to government might not just be coming from utilities payment from citizens or from their salaries,government might have stake in some investment or in multinational coy that will be bringing in revenue.

 

[Nomad]

revenue is the money you generate through sales (products and services) or returns on your investment, tax is the money you pay to your government on your revenue and income. Revenue is basically a gross income and tax is your expenses. You pay higher taxes on earned income and lower taxes on captital gains.

 

[Heatman]

Tax is an amount of money imposed on private individuals and businesses by the government over period of time. While Revenue is the total amount of money generated by the sales of goods and services rendered.

Yeah, that's very correct. It's the overall summation of your business revenue that's been taxed by the government. It's only the government that have the right to tax an individual, companies or any business that's running through an operation in the country.

 

[Debashis]

Tax is a compulsory financial charge imposed by the government on individuals or businesses to fund public expenses. It is collected by the government through various means, such as income tax or sales tax. Revenue, on the other hand, refers to the total income generated by a business or organization from its operations. It includes all sources of income, such as sales, services, or investments. While tax is a specific type of revenue collected by the government, revenue is a broader term that encompasses all sources of income for an entity.