Gasoline Tax (Noun)
Meaning
A tax on every gallon of gasoline sold.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The state has increased the gasoline tax to raise revenue for road repairs and maintenance.
- Critics argue that the proposed gasoline tax hike will unfairly burden low-income drivers who have no alternative transportation options.
- Lawmakers are considering implementing a gasoline tax holiday to provide relief to motorists during periods of high fuel prices.
- Environmental groups have been pushing for a higher gasoline tax to encourage the use of electric and hybrid vehicles.
- Experts recommend indexing the gasoline tax to inflation to ensure that the purchasing power of the raised revenue is not eroded over time.