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The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [1] [2] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023.
Today, fuel taxes in the United States vary by state. The United States federal excise tax on gasoline is 18.4 cents per US gallon (4.9 ¢/L) and 24.4 cents per US gallon (6.4 ¢/L) for diesel fuel. On average, as of July 2016, state and local taxes add 29.78 cents to gasoline and 29.81 cents to diesel for a total US average fuel tax of 48.18 ...
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [16] [17] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023.
The fuel consumption is an equivalent measure for cars sold outside the United States, typically measured in litres per 100 km traveled; in general, the fuel consumption and miles per gallon would be reciprocals with appropriate conversion factors, but because different countries use different driving cycles to measure fuel consumption, fuel ...
Collectively, the provincial governments collect approximately $8 billion per year from excise taxes on gasoline and diesel. The federal taxes go into general coffers and help to fund a range of programs: $2 billion of the approximately $5 billion collected from federal excise taxes goes into the now permanent annual Gas Tax Fund for municipal ...
To help offset the self-employment taxes, there are quite a few deductions you can take to lower your business income. See if you qualify for them.
Alphabet said Thursday that it’s issuing a 20-cent per share dividend, the company’s first ever, and that its board authorized the repurchase of up to $70 billion in stock.
$0.144 per litre on liquified petroleum gas used as fuel (autogas or LPG as it is commonly known in Australia). [6] $0.081 per litre on ethanol fuel for use as fuel in an internal combustion engine (which can be reduced/removed with grants) $0.041 per litre on biodiesel (which can be reduced/removed with grants)