Seven things you should know about gas taxes in 2010

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American highway construction and repair is dependent on the Highway Trust Fund, which is largely generated through taxes on auto and truck fuel consumption. The tax has risen significantly in the past 30 years, but fuel taxes imposed by the Federal government date back to the Depression era. This is a primer on how the gas tax works, where the money is spent, how gas taxes were used to reduce budget deficits – and may need to be reconfigured in the future as vehicles adopt ever more stringent fuel efficiency…read more