New Jersey?
Posted on 09/23/2014 3:39:32 AM PDT by WhiskeyX
In last week’s post about ExxonMobil’s 2013 earnings, I noted that we earned about 5.5 cents for every gallon of gasoline and other petroleum products we refined, shipped, and sold in the United States.
Consider this: The federal and state and local governments collected 40 to 60 cents per gallon in taxes.
The American Petroleum Institute just updated their map showing the combined local, state and federal tax rate in each state as of Jan. 1, when new taxes took effect.
(Excerpt) Read more at exxonmobilperspectives.com ...
I wouldn’t mind the higher gas tax rate in PA if they would actually use the money to fix the roads instead of enriching the unions.
I’ve never seen comprehensive potholes-per-mile statistics by state, but I’m sure PA would be at the top of the list.
WA State doesn’t have a state income tax either (though the Dims have spoken of adding it off and on over the years).
A lot of taxes in WA are high: gas (55.90 on map), cigarettes, property, liquor (plus they’ve added an additional “fee” per bottle a couple of years ago when we went from state-controlled liquor stores to liquor sales in grocery stores, Costco, etc.), and sales tax. Not sure what the sales tax is in the other parts of the state (it’s a little less in most areas), but for non-food sales in the Seattle area it’s 9.9%.
We go to Oregon (49.47 on map)about once a year and I know they have a state income tax, but they don’t have sales tax, I believe the same is true of Montana (46.15 on map).
bttt
True, but once you fill your tank in NJ, you can't drive to the corner store without paying some kind of toll.
That’s another reason why the fuel taxes in New Jersey are low. Three of the longest major highways in the state have tolls on them.
On top of the state tax, what is the Federal tax rate?
Pennsylvania is in the top ten states breaking 60 cents a gallon.
Our Republican governor Tom Corbett, who wants me to re-elect him, signed off on a 28 cents a gallon tax increase over five years with the first 9.5 cents taking effect this year.
The Republican controlled legislature also approved the big gas tax hike.
Once the rest kicks in Pennsylvania will have the highest gas taxes in the country at nearly 79 cents a gallon.
18.5 cents
New York may actually be the highest since they charge sales tax on top of the final price. In NYC it adds 8 3/4%
You might consider also that red-states with relatively higher fuel taxes have a few motivations for structuring their taxes that way. The first is that they’re often massive states, with the ratio of miles of State-maintained roads to population being very high. Another is that they don’t want to have a broad tax on the general population to support their road building, but extract those funds from the folks that actually use the roads, and somewhat proportionate to their use. Finally, charging taxes on fuel rather than income allows them to pull in revenue from people that aren’t necessarily State residents - particularly if tourism is a major component of their economies.
The ExxonMobil web site does not require excerpting.
They want as many people as possible to read that message.
In last week’s post about ExxonMobil’s 2013 earnings, I noted that we earned about 5.5 cents for every gallon of gasoline and other petroleum products we refined, shipped, and sold in the United States.
Consider this: The federal and state and local governments collected 40 to 60 cents per gallon in taxes.
The American Petroleum Institute just updated their map showing the combined local, state and federal tax rate in each state as of Jan. 1, when new taxes took effect.
he federal gasoline tax is the same from coast-to-coast –18.4 cents a gallon – which means any variations have been implemented by state and local governments.
The highest gasoline tax in the country is in California, where it now exceeds 70 cents a gallon. Combined with California-specific fuel-blending regulations that drive up refining costs, these taxes help make Golden State gasoline prices the most expensive in the country.
Several other states, such as New York, Connecticut, and Hawaii, are close to California in terms of the fuel-tax burden their residents bear, though none has yet joined in crossing the 70-cent-per-gallon threshold.
I encourage you to study API’s map (click the graphic above to enlarge), or dig into its interactive version for state-and-local-level specifics.
API interactive tax map
http://api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes/gasoline-tax
In northern Jersey, you save a good 30 cents off the price in suburban New York State a few miles away. The difference per gallon compared to NYC itself is astronomical—60 cents?—but NYC car owners are an oppressed people that should be represented by Amnesty International.
I'm sure one reason New Jersey keeps their fuel taxes low is that they generate a lot more revenue when there's a big gap between their taxes and those of their neighbors (mainly New York and Pennsylvania).
That’s why you find a whole bunch of gas stations in New Jersey at almost every point where a major road crosses from New York.
Correct. No sales tax in Montana (though a few townships have a ‘resort’ tax - West Yellowstone and Big Sky)
Delaware also has no sales tax.
bttt
Correct. A fuel tax that pays for roads, bridges, etc. is the proper way of taxing. Those who use the infrastructure pay for the infrastructure. I wish more of our taxes were implemented in this way.
My state, however, has the unpleasant habit of taking money from the highway fund to pay for some legislator's pet project.
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