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Revision as of 05:24, 28 August 2024
The HVUT, or Heavy Vehicle Use Tax, is a once a year tax paid by truck drivers or owners of trucking companies. It ties in with drivers operating automobiles on our nation's highway, and use many of the money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new creations.
What is familiar with as your 'income' tax has few of tax brackets each with its own tax rate from 10% to 35% (2009). These rates are used to your taxable income which is income far more your 'tax free' benefit.
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