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Tax cut analysis


Jim

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It does not take into account the "oil tax". How much more are we paying at the pump? Who gets that?

 

Two components: Fed gas tax and state gas tax. The state level varies considerably from state to state. Fed rate is 18.4 cents/gal. Some states levy on a flat rate per gallon, some levy a percent of the purchase price.

 

I lived in GA for a long time, where they have the cheapest state rates at 7.5. Gas is always cheap in Atlanta. The higest state rates are in Wisconsin at 31.1!

 

Now I'm in Alaska with the second cheapest state rate 8.0, a pipline running through town, and a refinery 8 miles down the road. And we pay more than you folks in WA/OR..WTF?! We are getting bent over. Not like they have to transport it like all the other things that are so expensive up here. I can understand that fresh produce is expensive here, I cannot understand expensive gas.

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Me, you, and our kids will be paying for these idiotic policies for some time to come.

 

People said the same thing when Reagan ran up the deficit... It seems like we paid the whole thing off, and it sure didn't hurt that much.

 

Looking for lighting to strike twice are we?

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It does not take into account the "oil tax". How much more are we paying at the pump? Who gets that?

 

We do. We're a net petroleum exporting country (the US imports more of its oil from Canada than from Saudi Arabia) and the rising price of oil is one of the main factors behind the rising value of the Canadian dollar relative to the greenback. So not only are you Americans helping to subsidize us godless communists and all our inherently evil social programs, but you're also helping to bring down the retail price of all our US-sourced climbing gear like Five-Tens and the new Camalots and so on. But because the exchange rate is dropping along with the retail prices, you won't benefit because you're still ultimately paying in US dollars.

 

Ain't economics fun?

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Me, you, and our kids will be paying for these idiotic policies for some time to come.

 

People said the same thing when Reagan ran up the deficit... It seems like we paid the whole thing off, and it sure didn't hurt that much.

 

The difference between then an now is that Reagan's Budget guy, Stockman, laid out the future costs of deficits and Reagan and the congress raised taxes several times to patch up the early spending and tax cut spree. That will not happen this time and the tax breaks are much more severe this time.

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Me, you, and our kids will be paying for these idiotic policies for some time to come.

 

People said the same thing when Reagan ran up the deficit... It seems like we paid the whole thing off, and it sure didn't hurt that much.

 

Looking for lighting to strike twice are we?

 

Naw, expecting history will repeat itself.

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