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

To: Velveeta
Think about all the extra tax $$$$ going straight to the bottom line of the deficit as a result of the increased gas prices. Won't the dems be surprised when they figure that out?

Federal gasoline tax is a fixed amount PER GALLON. Higher prices PER GALLON means people will buy fewer gallons of gas. That means LESS tax revenue going to the bottom line. Only a sales tax that is a percentage of the total price would exact a greater tax collection, but that would be offset by reduced consumption caused by higher prices.

1,348 posted on 05/20/2004 10:10:12 PM PDT by Myrddin
[ Post Reply | Private Reply | To 1217 | View Replies ]


To: All
NEIN it on Coast to Coast

Douglas Hagman? I think is his name.
1,349 posted on 05/20/2004 10:20:18 PM PDT by DAVEY CROCKETT (There is no such thing as coincidence, GOD is in control.)
[ Post Reply | Private Reply | To 1348 | View Replies ]

To: Myrddin

"Higher prices PER GALLON means people will buy fewer gallons of gas."

But the financial gurus are saying that we're not buying less. They're saying the demand has increased. Demand will also increase over summer vacation.


1,374 posted on 05/21/2004 4:16:08 AM PDT by Velveeta
[ Post Reply | Private Reply | To 1348 | 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