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Tax on gasoline is an example of an excise tax. Excise taxes are taxes on specific goods or services that are typically included in the price of the product and paid by the consumer, rather than collected separately. The purpose of an excise tax is usually to discourage the consumption of the taxed item or to raise revenue for the government
Kaleem Ulah
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9 percent tax on a sales is an example of what type of tax?
excise tax
Why is a 5 percent sales tax on gasoline regressive?
This is a fixed rate (proportional) tax, not a regressive tax.
Cost of gasoline in 1999?
In Laurel, Maryland, gasoline fell to about 80 cents in that year. This varied from state to state according to the local gasoline tax. At that time, the national gas tax was 19 cents per gallon, but in Maryland the state tax was 30 cents, meaning over half of the price of gasoline was from taxes.
What is proportional tax and what is regressive tax and an example of each?
A tax that charges more to those with lower incomes
What is a good example of a proportional tax?
One example is the Corporate income tax which is a fixed rate at 35%.
Sales tax on gasoline is what kind of tax?
a sales tax on gasoline is an example of what type of tax
What type of tax is sales tax on gasoline an example of?
selective
What type tax is a tax on gasoline?
INDIRECT TAX
What type of tax is a tax on gasoline?
proportional
A sales tax on gasoline is and example of what type of tax?
The United States has a progressive tax method. This means that the more your earn to more tax percentage of your income you pay. This is a dangerous type of taxation in that we are approaching a time when almost 50% of the population pay no income taxes at all.
A sales tax on gasoline is an example of what kind of tax?
The sales tax on gasoline is a fuel tax, which is labeled as a user tax. The taxes collected from gasoline purchases are remitted to the state government.
What type of tax is federal and state tax on gasoline?
indirect tax
What type of tax is the federal and state tax on gasoline?
Indirect Tax
What type of tax is a tax on gasline?
the tax levied on gasoline is known as an excise tax.
What type of tax is this the federal and state tax on gasoline?
Indirect :]]^_^=
The federal and state tax on gasoline is what type of tax?
It's more of a state tax. But the Government does help regulate it
What is the tax on a gallon of gasoline?
there is no tax on gasoline
