Definition of Revenue sharing:
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.
The distribution of a portion of federal tax revenues to state and local governments.
How to use Revenue sharing in a sentence?
- 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