- The federal fuel tax in the U.S. is 18.4 cents per gallon. This has been unchanged since 1993.
- The average fuel tax per gallon of gas (including state and federal taxes) is $0.47 in the U.S., $1 in Canada, $1.91 in Japan, and $4.54 in the United Kingdom. Think about that: Britons pay more in fuel taxes per gallon than Americans pay in total for a gallon of gas.
- Fuel taxes make up just under 40% of the $145 billion spent on highways in the U.S. But, the U.S. Highway Account is expected to run regular deficits beginning in 2007, so more funding is needed.
Saturday, August 18, 2007
The WSJ On Gas Taxes
The Wall Street Journal posted an article with some interesting facts about the gas tax. It's definitely worth a read in its entirety, but here are some of the key points:
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