Gas Taxes

[Sailor37]

I know it's past tax season, but I was thinking...

shouldn't we be able to deducted the taxes we pay on gasoline?

I know in Texas there's a flat 20 cents/gallon added plus an additional 6.25% sales tax added.

And federal tax this year is 18.4 cents/gallon.

I mean how many times is the money we make going to get taxed?

I know there's a standard sales tax exemption which I take every year, which might take care of some of it, but damn it....damn the man.

[z31maniac]

No, gas taxes are "supposed" to pay for the infrastructure vehicles use.

https://www.fairtax.org

[mrsleeve]

^

But we all know thats not the case for all of it now dont we.

I am not even gonna get started on this topic at all, I think I have made my point very fucking clear on this very topic SEVERAL times

OP yes keep receipts for all of your NON road use gas or diesel yellow or clear, (Red dyed is already is sold road use tax free), and you can write all the taxation off on that and that only at the end of the year

[Vedubin01]

just start a non profit and fund it with your day job. Write everything off as a charitable donation while spending it on expenses though the non profit. Thus writing down the majority of your income.

[e30e]

Or get a job that pays for travel, haven't paid for gas out my pocket since December.

[Vedubin01]

Or get a job that pays for travel, haven't paid for gas out my pocket since December.

So you are driving personal time on company gas? Not Legal! :)

[joshh]

I don't know the answer but when the Government makes more money than the oil companies make in profit, there's a problem.

[herbivor]

I don't know the answer but when the Government makes more money than the oil companies make in profit, there's a problem.

Uhh, what? Maybe that came out wrong. Maybe aside from Monaco and Lichtenstein most every government better be collecting more in taxes than any one industry is making in profit in their country, or there is a real problem.

I think gas taxes should be raised to reflect the real cost of gas. War and pollution are hidden costs that if were included would raise the prices closer to $10 a gallon. The price we pay is essentially subsidized. If a war tax was tied to gasoline tax during war, I bet we wouldn't be in Iraq and Libya right now.

[mrsleeve]

Uhh, what? Maybe that came out wrong. Maybe aside from Monaco and Lichtenstein most every government better be collecting more in taxes than any one industry is making in profit in their country, or there is a real problem.

I think gas taxes should be raised to reflect the real cost of gas. War and pollution are hidden costs that if were included would raise the prices closer to $10 a gallon. The price we pay is essentially subsidized. If a war tax was tied to gasoline tax during war, I bet we wouldn't be in Iraq and Libya right now.

WOW holy fuck balls WOW. Its very apparent you have no a clue how much money govt make on oil. form 82-07 (IIRC0) the oil and gas industry remitted 2.2 TRILLION dollars to govts. Thats more than 3 times their earned profits. So you are saying that a 75%+ marginal tax rate on just one industry is a good thing. A industry that makes our modern world work and is a intimate part of it on every level. Dont you think the goods and services would be MUCH MUCH FUCKING cheaper if there was not a metric fuck load worth of taxes on the raw materials before you even get to the severance taxes paid by the end consumer as well.

I really dont know where to begin, and am not going to get into a roundy round with you again. The more you post the more apparent it becomes you have no understanding of economics, and even less understanding of our system of governance and its role with in our lives. I suggest you pick a European country or maybe a commie country it would be much more to you liking.

[joshh]

WOW holy fuck balls WOW. Its very apparent you have no a clue how much money govt make on oil. form 82-07 (IIRC0) the oil and gas industry remitted 2.2 TRILLION dollars to govts. Thats more than 3 times their earned profits. So you are saying that a 75%+ marginal tax rate on just one industry is a good thing. A industry that makes our modern world work and is a intimate part of it on every level. Dont you think the goods and services would be MUCH MUCH FUCKING cheaper if there was not a metric fuck load worth of taxes on the raw materials before you even get to the severance taxes paid by the end consumer as well.

I really dont know where to begin, and am not going to get into a roundy round with you again. The more you post the more apparent it becomes you have no understanding of economics, and even less understanding of our system of governance and its role with in our lives. I suggest you pick a European country or maybe a commie country it would be much more to you liking.

It's simple, liberals think oil is evil. Take his words and apply them to any industry....lol. The only reason the Government takes as much as they do is because they can....but shouldn't be.
Thanks again Sleeve for that response.

[herbivor]

I suggest you pick a European country or maybe a commie country it would be much more to you liking.

I pick Denmark, highest marginal tax rate in the world but also the happiest citizens in the world. Gas is $9.80 a gal. there BTW.

[mrsleeve]

I pick Denmark, highest marginal tax rate in the world but also the happiest citizens in the world. Gas is $9.80 a gal. there BTW.

I toss 20 on your plane ticket. just so long as its ONE WAY

yeah 10 a gallon thanks to 250% tax put on it to pay for all the health care and entitlements, Socialism at its finest

[Sailor37]

I pick Denmark, highest marginal tax rate in the world but also the happiest citizens in the world. Gas is $9.80 a gal. there BTW.

I toss 20 on your plane ticket. just so long as its ONE WAY

yeah 10 a gallon thanks to 250% tax put on it to pay for all the health care and entitlements, Socialism at its finest

I'll help you pack and drive you to the airport.

[slammin.e28]

I'll help you pack and drive you to the airport.

I'll pay for gas to get to the airport. ;)

[CorvallisBMW]

So you are saying that a 75%+ marginal tax rate on just one industry is a good thing ...Dont you think the goods and services would be MUCH MUCH FUCKING cheaper if there was not a metric fuck load worth of taxes on the raw materials before you even get to the severance taxes paid by the end consumer as well.

Actually their income tax rate is just over 18%

http://www.washingtonpost.com/business/economy/how-much-do-oil-companies-really-pay-in-taxes/2011/05/11/AF7UNutG_story.html

Also, 18.4 cents per gallon is NOT a "metric fuck load"

I know you hate taxes and the gov't and everything about them, but try to stick with real facts and numbers and not just shit you pull out of thin air.