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Revision as of 09:05, 23 January 2025

The HVUT, or Heavy Vehicle Use Tax, is an annual tax paid by truck drivers or owners of trucking companies. It is true for drivers operating automobiles on our nation's highway, and ranks money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new tasks.

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B) Interest earned, however, not paid, throughout a bond year, must be accrued after the bond year and reported as taxable income for the calendar year in the fact that bond year ends.

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During wonderful Depression and World War II, the top income tax rate rose again, reaching 91% within war; this top rate remained essentially until 1964.

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