HIGHER OIL prices bring in HIGHER TAXES to our GOVERNMENTSgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
A WAKE UP CALL
Just THINK ABOUT IT the HIGHER the price of oil is the more percentages in taxes our Governments are putting in there pockets.
So WHY should they RUSH to have the prices lowered
P.S. Does anyone know the percentage of taxes we pay on various fuels. Thanks.
-- FRENCHIE (firstname.lastname@example.org), January 25, 2000
In Tennessee, all gas taxes are based upon the gallons sold....not the dollar cost. I believe it could be argued that higher prices would result in less volume sold...and thus less revenue to the taxing authorities.
-- A Left-Handed Yankee Vol (email@example.com), January 25, 2000.
Yeah, next time you gas up, look for your state's cent amount per gallon in taxes on the pump.
-- lisa (firstname.lastname@example.org), January 25, 2000.
In Calif. it's $0.38 *per gallon* tax on gas. Keeping gas prices down (in this state at least) would theoretically encourage people to drive more and so bring in more tax to .gov.
p.s. until today I could get gas at ARCO (El Cheapo here) for $1.19/gal. Today it increased to $1.25/gal. FWIW.
-- Someone (ChimingIn@twocents.com), January 26, 2000.
Here in OH it's 35 cents per gallon, but the STATE/COUNTY Sales tax is 7% +/-
-- Chuck, a night driver (email@example.com), January 26, 2000.