Quote:
Originally Posted by Bay Kid
State and Feds make the most profit from taxes.
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I am not sure if the increase in the cost per gallon will result in more taxes for the State. I "believe" federal excise tax on fuel is a percentage. State tax is so much per gallon. Let's say a state adds ten cents per gallon as a tax for road repairs. An increase in the price of a gallon could very well result in lower tax revenue for the state, as people will drive less.