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internal revenue
noun
- the revenue of a government from any domestic source, usually considered to be any source other than customs.
internal revenue
noun
- government income derived from taxes, etc, within the country
Word History and Origins
Origin of internal revenue1
Example Sentences
The Johnson Amendment — named after sponsor Lyndon B. Johnson, who was a Democratic senator from Texas at the time — states that all nonprofit organizations are “absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of or in opposition to any candidate for elective public office,” according to the Internal Revenue Service.
Ramaswamy meanwhile has put forward plans to scrap a number of federal departments including the Department of Education, the Nuclear Regulatory Commission, the Internal Revenue Service and the FBI.
Garvey said in a court declaration in the 1990s that he suffered a “financial disaster” when the Internal Revenue Service disallowed tax deductions he claimed in connection with an investment in the early 1980s, The Times reported in 2006.
New appointees at the Internal Revenue Service would likely be ordered to audit prominent Democrats’ tax returns, an action Trump demanded during his first term.
The tax case looks at a similar time period through a different prism: where Hunter Biden’s income came from, how he spent it and, ultimately, how he reported it all to the Internal Revenue Service.
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