Total Revenue Tax

Total Revenue Tax (TRT) is a type of tax that a government imposes on the total income or revenue generated by a business or individual. It is calculated based on the overall earnings before deductions or expenses, meaning it directly taxes the gross income. This tax is used by governments to fund public services and infrastructure. Think of it as a percentage of your total income that you pay taxes on, regardless of expenses or profits, ensuring the government benefits from the entire revenue produced.