Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Willie Green
OK, sounds good but: Let's take oil as an example.
Cost per gal on tanker $1.00. Plus your tax 15% = $1.15/gal
plus refine cost etc .50/gal = $1.65/gal plus state tax .15 = $1.80/gal. Federal pump tax elimated.
Current method: Cost on tanker $1.00 plus refine .50, plus
fed tax .15 plus state tax .15 = $1.80
State tax stays since Fed's cannot eliminate it.
No matter how you do it the taxes are passed to the customer by the company. No matter what you import the result remains the same. Just any example.
16 posted on 05/13/2003 2:30:09 PM PDT by TaMoDee
[ Post Reply | Private Reply | To 15 | View Replies ]


To: TaMoDee
Let's take oil as an example.
Just any example.

Your example is incomplete.
It fails to consider domestic production.

18 posted on 05/13/2003 2:40:49 PM PDT by Willie Green (Go Pat Go!!!)
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson