Assessment of Tax Revenue Generated by the Automotive Sector for the Year 2013
Download Now
Full Description:

This CAR study demonstrates that the U.S. automotive sector has a large impact throughout the nation and provides support to state and federal governments in the form of taxes and fees collected from sales, employees, drivers, and the auto companies themselves. In 2013, the manufacture, sale, and use of motor vehicles generated at least $206 billion in state and federal government tax revenues. State governments brought in $110 billion in automotive-related tax revenues, representing approximately 13 percent of all state government revenues, and the federal government brought in $95.5 billion in automotive-related tax revenues, representing approximately 3.4 percent of federal government revenues. Taxes estimated in this study include sales taxes from motor vehicle purchases and dealership service, payroll taxes from employees working in the automotive industry, fuel taxes from gas stations, registration and license taxes from drivers and vehicle owners, and corporate income taxes and licensing fees from the automakers, automotive suppliers, and dealerships.

Download Now
Register Today