this time we cannot blame the stock market, or the gready arabs.

with the price increase in oil, came the high price at the pumps.
as most of you know, about one third, to almost one half ( depending on state and federal taxs ) of the cost at the pump went to our goverment.

uncle sam got use to the increase in revenue, in fact some states are feeling some hurt in the pocket as the price droped at the pump.

now they want to increase taxs on gas at the pump by 50% to make up for the loss in revenue.
not on oil, just the gas we buy at the pump.
the reason given is to bring in more funds for road and bridge improvments and new highway construction.

 

screw that ****

 

Do you have a source on this? It sounds like it is just a proposition rather than fact at this point.

 

I hope this has to be passed into law. That way, hopefully it'll be voted down. Those prices will go up when the economy rebounds. Isn't that good enuff for those greedy...?!?

 

front page news on my DSL account. top story.

Panel wants fuel taxes hiked to fund highways
1/1/2009 10:08:10 PM
By JOAN LOWY


A 50 percent increase in gasoline and diesel fuel taxes is being urged by a federal commission to finance highway construction and repair until the government devises another way for motorists to pay for using public roads.
The National Commission on Surface Transportation Infrastructure Financing, a 15-member panel created by Congress, is the second group in a year to call for higher fuel taxes.

 

Well I looked it up and it looks like the federal government makes 18.4 cents per gallon. So if a 50% increase were to occur that would be a 9 cent difference. That's not anything to bat an eye at in my opinion.

Also, the government taxes are a set amount so why would the drop in gas prices affect their revenue? The only way it would be affected would by from less consumption.

 

I checked MSNBC and CNN and saw nothing about it

 

roads and highways are funded by the state and federal.
if one gos up, they all go up.

Federal, State, and local government taxes are the next largest part of the retail price of gasoline. In 2007, taxes (not including county and local taxes) accounted for about 15% of the cost of a gallon of regular gasoline. Federal excise taxes were 18.4 cents per gallon and State excise taxes averaged 21.5 cents per gallon.2 Eleven States levy additional State sales and other taxes, some of which are applied to the Federal and State excise taxes. Additional county and city taxes can have a significant impact on the price of gasoline in some locations. From 2000 to 2007, taxes averaged about 24% of the retail gasoline price.

now in 2000 that was 24% of $1.19, in 2007 it was 24% of $3.99.

 

The math just isn't adding up man. The 18.4 and state taxes are set prices. They currently don't go up or down based on gas prices. Just those taxes together is a 39.9 cent tax. I don't doubt your figures for a second, but what taxes are you saying fluctuate based on gas prices? Local city taxes are also set so I don't see what is fluctuating based on gas prices.

I guess I'll chalk this one up the "I'll see it when I believe it" category.

 

no the math does not add up, when you state a figure of 18.4 and make the statements useing a ( % ) as part of the price that is tax and give years that have diffrent cost at the pump per gallon.
24% of a 1.19 in 2000 = about .30 cents on the gallon.
24% of 3.99 or higher as we seen in 2007 = 0.96 cents on the gallon.

now that we are down to 1.39 a gallon, uncle sam is not getting 0.96 any more, he is only getting 0.35 if 24% tax on a gallon is correct.