[Rhodes22-list] Tax Equity? - another viewpoint.

[Alex Bell]

I would have thought that the actual tax was higher. Tax on gasoline,
federal and state, amounts to around 40 to 50 cents per gallon. If you
fill your tank, average of maybe 16 gallons, you paying maybe  $7.00 in
tax. Carry that out using 20 mpg and average 15,000 miles per year and
how much gas tax did you pay? Probably $337.50 over and above all other
taxes. Your results may vary... Like if you drive one of those gas
guzzler SUV's with big tanks, you're gonna pay dearly..

In my case the Jeep Grand Cherokee averages 16.5 mpg unless I am towing,
then it's about 10 mpg. Carrying out the same math, you find that I put
the Jeep in storage and bought a Seebring that averages about 25 mpg.
Using the same 15K miles and .45 as tax, I would be spending $409 to
drive the Jeep. Anyone got one of those Family trucksters that Mercury
and Ford put out?  

Alex

Bill Berner wrote:
> 
> Saw something in todays NY Times I thought was interesting in light of
> last weeks ember war.
> 
> 
> 
> In an article on the first Business Page entitled "Double taxation of
> Income Isn't limited to Income", the author, Daniel Altman a study
> prepared by the Bureau of Labor Statistics.
> 
> 
> 
> The study, "The Consumer Expenditure Survey", calculated the total
> burden from nearly all forms of taxation - "income (federal and state),
> sales (including fed and state gas, utility, tobacco, & liquor),
> property and excise taxes, and Social Security (employee share).  The
> article doesn't say how it accounts for different rates in state and
> local taxes.
> 
> 
> 
> Never the less the results were surprising.  Here they are.
> 
> 
> 
> Those in the  bottom 20% if income, with an average pretax income of
> 7,946, paid a total of 1,449 in compbined taxes, or 18% of their pretax
> income.
> 
> 
> 
> Those in next 20%, with avg pretax income of 20.319, paid 2,847, or 14%
> 
> 
> 
> Those in the middle 20%, earning 35,536 pretax, paid 5,622, or 16%
> 
> 
> 
> Those in the next higher 20%, with pretax income of 56,891, paid 9,835,
> or 17%.
> 
> 
> 
> Finally, those in the highest 20%, with avg pretax inc. of 116,666, paid
> 21,623, or 19%.
> 
> 
> 
> Seems we are actually pretty close to a flat tax, when you take them all
> together, rather than just looking at federal  income tax.
> 
> 
> 
> 
> 
> Bill Berner
> 
> 191 South Broadway
> 
> Hastings on Hudson, NY  10706
> 
> 
> 
> v 914 478 2896
> 
> f 914 478 3856
> 
> e BBerner@optonline.net
> 
> 
> 
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