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To: RightWhale; ctdonath2
How does that add up to 50%?

I was wondering the same thing.

Whatever the answer is -- and I think I might be able to guess -- I'd sure like to see some proof.

108 posted on 08/15/2005 10:05:19 AM PDT by newgeezer (A conservative who conserves -- a REAL capitalist!)
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To: newgeezer; RightWhale

Some gas stations put a pie graph on the pump showing the breakdown of costs. Taxes is nearly 50%. There are a lot of steps along the movement of gas (from well to pump) where the gov't taxes the exchange, adding up to a lot.

Now consider that nearly half your income goes to taxes (state, local, etc.): kick around the math a bit, and you'll find it actually works out to you having to earn nearly $5 to buy a little over $1 worth of actual gas - the rest goes to taxes.


198 posted on 08/16/2005 7:00:22 AM PDT by ctdonath2
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