Isn't it funny how the ruckus about high gasoline prices has disappeared? I no longer hear anything about it on the news, the politicians haven't taxed Exxon-Mobile's record profits, and I don't get idiotic emails asking me to boycott gas stations for one day in a year.
Yesterday I was filling gas and I decided to actually calculate how much tax I pay on each gallon. Regular was $2.99 of which about 7.75% is sales tax, but there were a few other taxes added. All told, $0.92 was taxes, which works out to about 30% taxes on each gallon.
Sounds like the government is already getting the lion's share of profits and they didn't want anyone else to get in on the action!
Since I hate paying any form of taxes, I think I'm finally motivated to reduce my driving to cut down on my gas usage!
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3 comments:
In your place, I would consider myself lucky :-) Here in the Czech Republic, gas costs about 5.8 USD per gallon, of which 55% are taxes. From the European point of view, our gas is one of the cheapest (eg. Germany has approximately 30% higher prices...) Luckily, my poor old car usually gets above 40 mpg plus I recently don't need to drive much :-)
Btw. great blog, especially the real estate intro :-)
You forgot to account for Federal taxes on gasoline, which is 18.4 cents per gallon.
California has a state tax on gasoline, which is 18 cents per gallon plus whatever county tax may apply.
Your point is well taken. Nobody wants to talk about the government getting nearly half the price at the pump.
http://www.gaspricewatch.com/usgastaxes.asp
oh, the beautiful taxes on everything. I've also cut back on my driving and I find that if you work with a big company, find someone that lives nearby and carpool! If you alternate weeks, you will save a lot more.
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