Fuel Taxes
A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuels used to power agricultural vehicles, and/or home heating oil which is similar to diesel are taxed at a different, usually lower rate. The fuel tax receipts are often dedicated or hypothecated to transportation projects so that the fuel tax is considered by many a user fee. In other countries, the fuel tax is a source of general revenue. Sometime, the fuel tax is used as an ecotax, to promote ecological sustainability.
Read more about Fuel Taxes: Role in Energy Policy, Tax Rates
Famous quotes containing the words fuel and/or taxes:
“Beware the/easy griefs, that fool and fuel nothing./It is too easy to cry “AFRIKA!”/and shock thy street,/and purse thy mouth,/and go home to thy “Gunsmoke,” to/thy “Gilligan’s Island” and the NFL.”
—Gwendolyn Brooks (b. 1917)
“The prairies were dust. Day after day, summer after summer, the scorching winds blew the dust and the sun was brassy in a yellow sky. Crop after crop failed. Again and again the barren land must be mortgaged for taxes and food and next year’s seed. The agony of hope ended when there was not harvest and no more credit, no money to pay interest and taxes; the banker took the land. Then the bank failed.”
—Rose Wilder Lane (1886–1968)