Federal Excise Tax on Tires: Where the Rubber Meets the Road
Description:
This report examines the history of the federal excise tax on tires. The excise tax on tires was first levied in 1918 mainly because of revenue needs brought about by World War I. The tax was reduced after the war, and then repealed in 1926. The levy was reintroduced during the Great Depression at a time when federal individual income tax revenues were plummeting, and was increased to help finance World War II. Today, the premise for the excise tax on tires is that heavier vehicles cause greate…
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Date:
October 6, 2005
Creator:
Talley, Louis A. & Jackson, Pamela J.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department