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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 ...
The fuel tax system in Australia is very similar to Canada in terms of featuring both a fixed and a variable tax, but varies in the case of exemptions including tax credits and certain excise free fuel. Since October 2018, the fuel tax in Australia is A$0.412 per litre for petrol and ultra-low sulphur diesel (conventional diesel being taxed at ...
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 ...
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The International Fuel Tax Agreement (or IFTA) is an agreement between the lower 48 states of the United States and the Canadian provinces, to simplify the reporting of fuel use by motor carriers that operate in more than one jurisdiction. [1]
Fuel tax; A. Fuel taxes in Australia; C. ... Fuel taxes in the United States This page was last edited on 28 November 2015, at 08:48 (UTC). Text is available under ...
The prospect of tariffs, coupled with an extension of the 2017 tax cuts, are a “highly dangerous” mix for the economy and the market and could lead to higher prices, according to veteran ...
Aug. 8—Maryland's tax-free week began when the clock struck midnight Sunday morning. Until midnight on Saturday, all clothing and shoes priced under $100 will be exempt from the state's 6 ...
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