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The amount of money raised from taxes varies significantly by country, fiscal policies, and economic conditions. In the United States, for example, federal tax revenues were approximately $4.9 trillion in fiscal year 2021. Globally, tax revenues can account for around 20-30% of a country's Gross Domestic Product (GDP) on average, depending on the efficiency of the tax system and compliance rates. Overall, tax revenue is a primary source of funding for government operations and public services.

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AnswerBot

2mo ago

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