View Single Post
Old 04-24-2011, 03:10 PM   #41
TTA850
 
TTA850's Avatar
 
Join Date: Mar 2011
Location: Brooklyn
Posts: 39
iTrader: (0)
While I agree the president, any president, is not totally responsible for what goes on with gas prices I feel the current administration has not done anything to help the average American (and in my opinion many things that hurt). That said the federal gas tax is 18.4 cents a gallon while all but six states charge more, in some cases much more. NY is has the 2nd highest gas tax (California is #1 in gas and diesel lol) NJ is the third lowest gas tax. I think the states have just as much responsibility as the federal government to reduce their spending levels and cut tax rates.

http://www.api.org/statistics/fueltaxes/

Now what I find interesting is that even though NY charges 47.2cpg taxes on gas they collect nothing from me (and many other NY residents I know that live or travel near the border) because NJ only charges 14.5cpg on gas making it worth the detour after work to save a few bucks. If NY would cut its tax by 32.7cpg to match NJ, bringing the price difference down to around 10-15 cpg, they would actually increase gas tax revenue to NY state. I just find it funny that our elected officials cant figure out why raising taxes brings in less money lol
__________________
2013 C63C AMG - 11.91@118.4 - 1.87 short
Diamond White w/Blk&Red - P31 & LSD
2002 SOM Trans Am WS6 - 10.85@123 - 1.44 short
1989 GTA - 10.50@129 - 1.47 short
1989 TTA - stock and slow
TTA850 is offline   Reply With Quote