Rarely mentioned, the revenue generated by gasoline taxes in the U.S. and Europe has been affected by the coronavirus pandemic.
With the depletion of the Highway Trust Fund, Congress needs to decide if its new funding sources will include a pay-by-the-mile tax that charges EVs.
In the Tax Cuts and Jobs Act, legislators eliminate deductions to offset lower tax rates. One target is SALT–state and local tax deductions.
At the end of 2011, Denmark got a fat tax. Today, they still cannot decide if it worked. The Skinny on Denmark’s Fat Tax Denmark’s lawmakers thought they had a “win-win” through a tax on food with more than 2.3%…
Like all sin taxes, the Philadelphia sugary drinks tax has had an unpredictable impact on revenue and the alternatives that people select.
A LUST Trust Fund and higher state gasoline taxes may come in handy if massive federal infrastructure spending becomes more doubtful.
Among state gasoline taxes, New Jersey will jump from second lowest to seventh highest because of a soon-to-start 23 cent increase.
Because of a low gasoline tax, the Highway Trust Fund does not have enough money to maintain the transportation infrastructure of highways and mass transit.
In Finland, for some traffic violations, the rich have higher fines than those with less because of day fines that are similar to progressive taxation.
If you asked me how much I pay for gas, I would say $3.49 a gallon. Actually, though, the sign says $3.499. And that means, because the gas station rounds up, I am paying $3.50. Doesn’t $3.50 sounds like a lot…