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Federal fuel taxes raised $36.4 billion in Fiscal Year 2016, with $26.1 billion raised from gasoline taxes and $10.3 billion raised from diesel and special motor fuel taxes. [16] The tax was last raised in 1993 and is not indexed to inflation. Total inflation from 1993 until 2017 was 68 percent or up to 77 percent, depending on the source. [17 ...
In 2024, inflation has hit the U.S. and the global economy with a vengeance. From the perspective of the American consumer, the skyrocketing cost of gas has likely been the clearest indication of...
4. New Jersey: $0.423 per gallon. New Jersey imposes a gas tax of $0.423 per gallon and it's only set to increase more. Despite being one of the smaller states, New Jersey's strategic location ...
Two other small portions, although not actually demarcated until 1934, form parts of the boundary between the states of Delaware and New Jersey. [4] Although the Twelve-Mile Circle is often claimed to be the only territorial boundary in the United States that is a true arc , some cities in the South, including Plains, Georgia , [ 5 ] have ...
A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuel tax receipts are often dedicated or hypothecated to transportation projects, in which case the fuel tax can be considered a user ...
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Here are the 10 states that charge drivers the lowest gas tax, and how much they charge per gallon of unleaded gas: Alaska: $0.09. Hawaii: $0.16. New Mexico: $0.17. Arizona: $0.18. Mississippi: $0 ...
A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...