- Joined
- Mar 27, 2005
- Messages
- 7,466
- Reaction score
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- Location
- North Carolina
- Gender
- Male
- Political Leaning
- Slightly Conservative
Arch Enemy said:I know this study has been done countless times.. but I've yet to see an updated version of this type. The problem is not with the price for the Gas, but with the Taxes on the gas!
As we all know, Gas Prices have risen to about $2.48 per Gallon (Nation Average http://money.cnn.com/2005/08/15/news/economy/gas_prices/ [Dated 8/15/05])
If you go here (http://www.taxadmin.org/fta/rate/motor_fl.html) You can find this years tax on Gas Prices per Gallon. Now, let's do some simple math.
First we start off with the Average Amount of Gasoline (Per Gallon):
$2.48 (Price per Gallon on nation wide average)
MINUS
$0.26 (rounded amount of Tax stated for North Carolina)
EQUALS
$2.22 Per Gallon W/O Tax
Now let us compare these prices with other liquids, sold in gallon form.
(http://www.awwa.org/Advocacy/learn/info/PricePerGallon.cfm)
According to American Water Works Association:
Cost per gallon:
Chanel No. 5 Parfum: $45, 056
Revlon Nail Enamel: $983.04
Visine Advanced Eye Drops: $741.12
Vicks 44D Cough Syrup: $96.67
Coppertone SPF 45 sun-block lotion: $90.11
Pepto-Bismol: $58.52
Evian bottled water: $21.19
Mocha at Peaberry coffee (tax included): $22.28
Corona beer: $12.89
Snapple: $10.32
Tide liquid detergent: $8.39
Coca-Cola: $2.64
Tap water, Denver Water - .00186 cent for 11,000 gallons or less per month, including monthly service charge
even WITH the added tax amount, the nation wide average for gas falls somewhere between tap water and Coca-Cola.
So in reality, it's not so bad.
FireUltra 98 said:.... Taxes eat up more than oil companies make on each gallon sold (as noted above). By default, and to the benefit of all of us, the government is a 40% partner with oil companies, in fact all companies as a result of the taxes paid on sales - even during the the low price cycles. ...
How does a drop Visine Advanced Eye Drops compare to 26 gallons of gas?Arch Enemy said:I know this study has been done countless times.. but I've yet to see an updated version of this type. The problem is not with the price for the Gas, but with the Taxes on the gas!
As we all know, Gas Prices have risen to about $2.48 per Gallon (Nation Average http://money.cnn.com/2005/08/15/news/economy/gas_prices/ [Dated 8/15/05])
If you go here (http://www.taxadmin.org/fta/rate/motor_fl.html) You can find this years tax on Gas Prices per Gallon. Now, let's do some simple math.
First we start off with the Average Amount of Gasoline (Per Gallon):
$2.48 (Price per Gallon on nation wide average)
MINUS
$0.26 (rounded amount of Tax stated for North Carolina)
EQUALS
$2.22 Per Gallon W/O Tax
Now let us compare these prices with other liquids, sold in gallon form.
(http://www.awwa.org/Advocacy/learn/info/PricePerGallon.cfm)
According to American Water Works Association:
Cost per gallon:
Chanel No. 5 Parfum: $45, 056
Revlon Nail Enamel: $983.04
Visine Advanced Eye Drops: $741.12
Vicks 44D Cough Syrup: $96.67
Coppertone SPF 45 sun-block lotion: $90.11
Pepto-Bismol: $58.52
Evian bottled water: $21.19
Mocha at Peaberry coffee (tax included): $22.28
Corona beer: $12.89
Snapple: $10.32
Tide liquid detergent: $8.39
Coca-Cola: $2.64
Tap water, Denver Water - .00186 cent for 11,000 gallons or less per month, including monthly service charge
even WITH the added tax amount, the nation wide average for gas falls somewhere between tap water and Coca-Cola.
So in reality, it's not so bad.
The Real McCoy said:I just learned from that map that my state (New York) has the highest gas taxes in the nation, I always thought it was California. Awesome. I also live in the county with both the highest sales tax in the country and the 3rd highest rate of Meth lab busts in the nation. I have many things to be proud of.
Herophant said:Hehe, you guys should check out the gas price in norway.. 6.66 $ a gallon. (omg the nummber of the beast! The end i surly upon us!) 67% of that is taxes.....
http://www.gasandoil.com/goc/news/nte52112.htm
stsburns said:I can say it like this. Oil companies are getting $20 a week from me. So they can set the profit margins to whatever they want, I'm still going to pay $20 gas each week! :mrgreen:
Yea, I think the state is getting $.75 of every gallon of gas I get? Man were overtaxed in North Carolina! :mrgreen:The Real McCoy said:Out of that $20, the government is raking in a lot more than the oil companies are.
Herophant said:Hehe, you guys should check out the gas price in norway.. 6.66 $ a gallon. (omg the nummber of the beast! The end i surly upon us!) 67% of that is taxes.....
http://www.gasandoil.com/goc/news/nte52112.htm
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