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Estimation Of The Tax Rates Based On Vehicle Miles Traveled Using Stochastic Models, Pratik Verma
Estimation Of The Tax Rates Based On Vehicle Miles Traveled Using Stochastic Models, Pratik Verma
UNLV Theses, Dissertations, Professional Papers, and Capstones
In this thesis, we shall study the alternative revenue collection system which is based on the vehicle miles traveled (VMT). In various studies, it has been found that the existing revenue collection system based on gas/fuel tax is not an appropriate option in the longer run. The main reasons include no effective tax process for vehicles based on alternative fuel vehicle, no effective changes in tax due to economical inflation, and more highway expenditure than generated revenue. Our main objective is to estimate the VMT tax rates that should be charged in order to generate same amount of revenue generated …