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LSDefine

Simple English definitions for legal terms

revenue tariff

Read a random definition: confidence

A quick definition of revenue tariff:

Revenue Tariff: A revenue tariff is a tax imposed on imported goods with the purpose of generating income for the government. It is different from a protective tariff, which is meant to protect domestic industries by making foreign goods more expensive. Revenue tariffs are used to raise money for the government and are typically lower than protective tariffs.

A more thorough explanation:

A revenue tariff is a type of tariff that is imposed on imported goods with the primary purpose of generating revenue for the government. It is different from a protective tariff, which is designed to protect domestic industries by making imported goods more expensive.

For example, if a country imposes a revenue tariff of 10% on imported cars, the government will collect 10% of the value of each imported car as revenue. This revenue can then be used to fund government programs and services.

Another example of a revenue tariff is a tax on imported alcohol. The government may impose a tax on imported beer, wine, and spirits to generate revenue for the country.

Overall, revenue tariffs are a way for governments to generate income from imported goods without necessarily trying to protect domestic industries.

revenue stamp | re, verbis, literis, consensu

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renard99
14:43
@jackfrost11770: It's traditionally tough to get off it but not impossible. Their waitlist isn't ranked so it's certainly within reach if you're interested enough
lilypadfrog
14:43
@ChowieBean: end of nov
i applied nov. 15 lily
or 12th
renard99
14:43
Also Jack ik you and I haven't talked in a bit but we have similar stats, backgrounds, WE. If you ever want solace in this messy process text me on Discord
14:44
im still in the queue to be reviewed for penn so
lilypadfrog
14:44
@SplitterusClitterus: I applied like two weeks later. It was one of my last apps
jackfrost11770
14:44
I mean I think you're more likely to get WL than R at UPenn lmao, I'm taking it as an R whatever
ReminiscentZestyFish
14:45
Tru
GreyCeaselessMammoth
14:45
notHim at it again
14:45
notHim is a born WINNER
14:47
ya i basically have penn r
Trismegistus
14:48
how would you know
14:48
uh wdym. i didnt get penn A or penn WL
jackfrost11770
14:48
Check substatus, it's not an update. I didn't even notice it at first
14:48
Substatus?
14:48
i cant get into my penn rn so im just assuming
14:48
same @Eggan
cumsock
14:49
carole baskin sold all her land
14:49
If it says under committee review I’m still alive right
cumsock
14:49
for 20 million fuckin dollars
Trismegistus
14:49
that's what mine saying @sadpadresfan
14:50
ya im on the plane so it wont let me log into lsac for some readon
14:50
for another 2 hours
lilypadfrog
14:50
im out here in miamiiiii
14:50
Whoa someone got Penn WL but Harvard A earlier what the heck
Trismegistus
14:50
happens all the time
14:51
I stg every time I see you that Jorge Ben song starts playing in my head again
Trismegistus
14:51
LOL
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