Revenue sharing

Revenue sharing,

Definition of Revenue sharing:

  1. When an individual, business, or corporation must pay taxes on income earned to other state and local government agencies. For example, a baseball player for the Philadelphia Phillies must pay city and wage taxes when he plays in Miami, Florida.

  2. The distribution of a portion of federal tax revenues to state and local governments.

How to use Revenue sharing in a sentence?

  1. The old revenue sharing program required a federal bureaucracy of about a hundred people in the Treasury Department.

Meaning of Revenue sharing & Revenue sharing Definition