0
How much money does the US government make in taxes per gallon of gas?
Wiki User
∙ 12y ago
It depends on the state law..in my state(Nebraska)its 7.5%..i guess.so,suppose the price of gas is 3 dollars then tax per gallon is approx( 0.225 dollars)..if u calculate in big ratio then the government makes hell lot of money but still our country is in debt.
The federal gas tax is 18.4 cents on unleaded and 24.4 cents on diesel. The US consumes, roughly, about 20 million barrels of oil a day, or 400 million gallons of gasoline. Assuming all this gas is bought "at the pump" and for simplicity is all unleaded, that equates to $26,864,000,000. ( I think)
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
How does government make money?
Through taxes. Also the government makes money through fines on people who violate the laws, rules, or regulations imposed on them by the legislature. Taxes is only the beginning.
What does the government have to do with making economic decisions?
The government has to make economic decisions by budget, giving aid, and the government gets their money from taxes.
How did Harding and Coolidge Support Big Business?
Taxes were lowered to give incentives to business, and government sat back and relaxed instead of worrying about business or taxing so it could get money. That's why our government has NO MONEY!They lowered taxes on businesses so businesses would get more money and the government wouldn’t have a tough time regulating the money businesses make, and because the government wasn’t making money from taxes, the government doesn’t have any money.
What is the main job of government?
To make decisions about how to raise taxes and spend the money raised by tax.
Why are strip clubs legal?
They are legal because the government can make money off of it. Whereas prostitution the government ca not collect taxes.
How much money does the United States government make from all forms of taxation annually?
Are you affard to show me the money stod from my taxes.............................
How much does the US government make?
The United States Government doesn't make any money in terms of earnings! The Government Receives Revenues in the form of taxes on other peoples activities.
How would the US government most likely react to a slump in the economy?
Lower taxes to make it easier for consumers and businesses to spend money.
Where does the state get its money to operate?
they get there money from taxing their citizens but in the commerce clause of the Constitution the federal government is given the power to regulate commerence therefore the federal government taxes its citizens too. state government can obtain grants from the federal government
How much money does the government make?
Not really sure which Government you are asking about. Generally speaking Governments are not a business and do not operate to make a profit. Governments usually spend money that is collected on their behalf of the citizens they govern in the form of taxes. The more citizens under the governments reign... and the higher the tax base will dictate how much money is at the disposal of any government. In other words more people and higher the taxes means more money that come to the governments hands.
What is the dollar amount you have to make to HAVE to file taxes?
How much money can you make and not have to file taxes?
What is the dollar amount that you can make and not have to file taxes?
How much money can you make and not have to file taxes?
