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To: P.O.E.

Here is the Amer. Petroleum Institute taxes for US state graphic... roll over the state for the breakdown.

Federal excise tax is 18.4 cents/gal.

NC is raising its state excise to 37.5 cents on top of the federal excise, making it the most expensive in the South, along with FL. And it is NOT based on the lower price or increased usage.

Lowest state tax is either in LA or AK but all have the federal excise added.

http://www.api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes/gasoline-tax


35 posted on 12/30/2014 10:16:05 AM PST by John S Mosby (Sic Semper Tyrannis)
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To: John S Mosby

Thanks. Doesn’t specify if it includes corporate income taxes, etc. Add in the income taxes from retailers, employees, etc. and I imagine it’s quite a bundle.


37 posted on 12/30/2014 10:48:13 AM PST by P.O.E. (Pray for America)
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