05-14-2004, 09:06 AM
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Senior Club Cobra Member
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Join Date: Jun 1999
Location: Fallbrook, CA USA,
CA
Cobra Make, Engine: Porsche 928 S4
Posts: 739
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Not Ranked
Folks,
One thing I find interesting. Here in CA one does not hear any of the politicos griping about fuel prices.
There is a fixed .18 cent state tax on each gallon of fuel. But, there is another money maker for the state. The sales tax per gallon.
At 1.25 per gallon the sales tax = 9.6 cents.
At 2.25 per gallon the sales tax = 17.5 cents.
Double the revenue.
Considering that something in the area of 4.2 billion gallons are consumed per quarter in CA, this is some serious money going into the coffers that the folks in Sacramento just love seeing.
From a political standpoint it is free money. They did not have vote in any increases that may endanger their re-election.
But, the boys in Merry olde have it really bad at 85% tax per Imp. gallon. I guess we should not gripe.
Wait a minute, doesnt the above seem awful close to "Taxation without representation"?
Last edited by Richard Hudgins; 05-14-2004 at 11:40 AM..
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