Steamed up my afternoon

357 · 04-29-2011, 02:12 PM

$4.20 (includes state sales tax, state gas tax, plus federal gas tax).

Subtract 6% state sales tax, $4.20 = $3.96 or $0.24/gal in sales tax

Michigan has $0.19/gal state gas tax

Federal gas tax is $0.184/gal (unless it is 10% ethanol then you subtract $0.045 for a total of $0.139/gal)

Since I try not to use gasahol in my non-flex fuel car, of that $4.20/gal, roughly $0.614/gal is taxes.

So the government is making almost 62 cents per gallon while Exxon/Mobil makes 7% of 3.34 = $0.2338 or about 24 cents/gal.

Which one is the real problem?

04-29-2011, 02:12 PM	#11
357 Will herf for food Join Date: Oct 2008 First Name: Mike Location: Home is where I park it Posts: 4,075 Trading: (9)	Re: Steamed up my afternoon $4.20 (includes state sales tax, state gas tax, plus federal gas tax). Subtract 6% state sales tax, $4.20 = $3.96 or $0.24/gal in sales tax Michigan has $0.19/gal state gas tax Federal gas tax is $0.184/gal (unless it is 10% ethanol then you subtract $0.045 for a total of $0.139/gal) Since I try not to use gasahol in my non-flex fuel car, of that $4.20/gal, roughly $0.614/gal is taxes. So the government is making almost 62 cents per gallon while Exxon/Mobil makes 7% of 3.34 = $0.2338 or about 24 cents/gal. Which one is the real problem? __________________ “Eating and sleeping are the only activities that should be allowed to interrupt a man's enjoyment of his cigar;” Mark Twain

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