United-States Dashboard Profile | Global Solidarity Levies Task Force

Financial Transactions Tax (FTT): No tax in place

The US imposes a $0.0042 round-trip transaction tax on security futures transactions. This is used to support the operation costs of the Securities and Exchange Commission (SEC).

Source: SEC

Aviation: Yes – tax in place

The USA imposes a wide range of taxes on aviation including:

Passenger ticket tax: 7.5%
Excise duty on jet fuel: 9%
International departure/arrival tax: $22.90

Beneficiary of aviation tax: Not specified

Source: European Commission: CE Delft and Directorate-General for Mobility and Transport, Taxes in the field of aviation and their impact – Final report, Publications Office, 2019

Carbon Price: No carbon pricing instrument in place

Oil and Gas Revenues:

On average from 2015 through 2019, fossil fuels generated $138 billion per year for governments across the United States

The single largest source of these revenues were petroleum product taxes, totalling $88.3 billion per year between states ($48.6 billion) and the federal government ($39.7 billion).

The second largest source is revenue from the production of oil and natural gas. Upstream oil and gas development generated $34 billion annually, led by $14 billion from production on federal, tribal, and state lands and waters; $11 billion from state severance taxes; and $6 billion from local property taxes

Source: Resources for the Future

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