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- Proposed by Bill Clinton and Al Gore
- Is an indirect tax
- Classified as a Pigovian tax
- Fossil fuels include: Coal, natural gas, oil
- Taxes a negative (carbon dioxide emission) rather than a positive (income)
- The Carbon Tax Center proposes carbon taxes to be revenue-neutral and phased in for easy adapting
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The carbon tax is a proposed tax on carbon dioxide emission, a pollutant that contributes to global warming. Carbon taxes would indirectly tax fossil fuels and other energy sources which emit carbon dioxide.
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Why Carbon Dioxide
Increasing levels of carbon dioxide cause energy from the sun that would normally be reflected back into space to remain in the Earth's atmosphere. This can contribute to the gradual increase in the planet's temperature that is known as global warming. Because of the widespread burning of fuels that emit carbon dioxide, the carbon tax has been proposed as a possible solution. -
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Carbon Tax Questions
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Do you travel carbon neutral? 1 AnswerWell I found this which will even help you be carbon neutral with household energy and transportation. http://www.carbonneutral.com/uscalculator/index.asp I hon... read more -
Do the rich get the tax breaks? 1 AnswerYes the rich get the tax breaks. -quote- "A Few Basic Reasons For Why The Rich Get Richer The rich have started successful businesses. They do it by starting th... read more -
What is the tax rate in Singapore? 3 AnswersIn Singapore, individual income tax forms part of two different sources income tax. The taxation system works on the basis that only income earned in Singapore ... read more
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