Report Says U.S. Automobile Sector Contributed $135 Billion in Taxes in 2010

It’s no secret that the motor vehicle sector is the largest manufacturing industry in the United States, but how big is it in terms of state and federal tax revenues?

This is a question the Center for Automotive Research (CAR), a nonprofit research organization based in Michigan, set to find out on behalf of the Alliance of Automobile Manufacturers, which funded the study.

The report concluded that in 2010, the production, sales and service, and use of the automobile in the United States was responsible for generating at least $91.5 billion in state government tax revenue (13 percent of the total) and at least $43 billion to federal government tax revenues.

Read more »