All states impose excise taxes on gasoline. According to data from the Federal Highway Administration, the state
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All states impose excise taxes on gasoline. According to data from the Federal Highway Administration, the state of California imposes an excise tax of $0.40 per gallon of gasoline. In 2015, gasoline sales in California totaled 14.6 billion gallons. What was California’s tax revenue from the gasoline excise tax? If California doubled the excise tax, would tax revenue double? Why or why not?
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Tax revenue is 040 per gallon 146 billion gallons 584 billion Doubling the excise tax would reduc...View the full answer
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