 June 6, 1932 : The first federal gasoline tax ( All US States had a gas tax prior to this starting with Oregon in 1919 ) was created with the enactment of the Revenue Act of 1932 with a tax of 1 cent/gal.
Fast forward to today we pay 18.40 cents/gal for gasoline and 24.40 cents/gal for diesel. Rumor has it that our current President is backing a plan to increase the Federal tax by 35 cents/gal and dedicate those funds to fund his infrastructure plans (building "The Wall").
0 Comments
Leave a Reply. |
We're Here to HelpGet advice from our experienced network of financial managers. Archives
March 2019
AuthorKeana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients. 
|
RSS Feed
Contact Us to Get Started
Hours:
|
Email:Telephone: |
