Tuesday, February 12, 2008

Where Did All the Money Go?


The federal gas tax began in 1932 at a minute one cent per gallon. Over the years, with many raises, it has grown to a staggering 18.4 cents per gallon. But there are still additional stat taxes which adds up to a very large tax. The average gas tax of both state and local for American drivers is 45.9 cents a gallon! The highest in the country is New York which pays a whopping 62.9 cents a gallon. Information from the U.S. Department of Transportation tells us that the annual gas tax for every man, woman and child is about $271 a year. Roughly, that is about 8.13 billion dollars a year from the gas tax. Originally, the money from the gas tax was meant to be used for road repairs. Explain why the bridge in Minnesota collapsed due to lack of repair. Surely that is enough money for the road repairs. Where is this 8.13 billion dollars going? What is it being used for and who has the control over it? 8.13 billion dollars per year is a lot of money. What is to be done?

1 comment:

Anonymous said...

Does someone know the answers? Is anyone trying to figure out how the money is spent?