The first federal excise tax on gasoline was one cent when it was first instituted in 1932. Since 1993, it has been 18.4 cents per gallon of gasoline and 24.4 cents per gallon of diesel fuel. It has not been adjusted for the approximately 73% of inflation. This means that it takes $1.73 in today’s dollars to purchase $1.00 of goods in 1993.
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Chairman's Report - May 3, 2019
Chairman's Report - May 3, 2019
The first federal excise tax on gasoline was one cent when it was first instituted in 1932. Since 1993, it has been 18.4 cents per gallon of gasoline and 24.4 cents per gallon of diesel fuel. It has not been adjusted for the approximately 73% of inflation. This means that it takes $1.73 in today’s dollars to purchase $1.00 of goods in 1993.
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GRASSROOTS CORNER – May 3, 2019
GRASSROOTS CORNER – May 3, 2019
A good way to get out the FAIRtax brand – and raise your profile - is to get on broadcast media. If you contact Rush Limbaugh, Sean Hannity, or Mark Levin, you most likely will not get on as a guest. (If you’re lucky, you can get on as a caller.) But you don’t have to play to a national audience. READ MORE
5 ways to cut your 2019 tax bill now
5 ways to cut your 2019 tax bill now
Congrats. You filed your 2018 tax return. But don’t stuff it in a file cabinet just yet. Instead, look it over to uncover steps you can take right now to lower your 2019 tax bill. READ MORE
5 Common Tax-Filing Mistakes to Avoid Next Year
U.S. News and World Report
5 Common Tax-Filing Mistakes to Avoid Next Year
MANY TAXPAYERS HAD AN unpleasant surprise after filing this year. Their refund amount was lower than expected and, in some cases, filers ended up owing money at the end of the year.
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Car-sharing apps’ popularity drives debate about taxes
Press Herald
Car-sharing apps’ popularity drives debate about taxes
A battle is heating up in Arizona and some three dozen other states over how to regulate car-sharing.
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