As real GDP rises, tax revenues tend to rise and government transfers tend to fall.
Tax revenue can be defined as the revenues collected from taxes on income and profits, social security contributions, taxes levied on goods and services, payroll taxes, taxes on the ownership and transfer of property, and other taxes.
The total tax revenue as a percentage of GDP indicates the share of a country's output that is collected by the government through taxes and it is regarded as one measure of the degree to which the government controls the economy's resources.
The tax burden is measured by taking the total tax revenues received as a percentage of GDP.
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