Friday, June 13, 2008

State taxes on Gas

Seattle Times reports on gas taxes by states and local government.
Highlights below:
  • State gas taxes average $.28/gallon. 10 cents more than the federal tax $.18/gallon, which McCain proposes to do away with
  • Some states like Washington, levies a fixed dollar amount on gas per gallon; these states faces a revenue shortfall, as people cutting back on gas consumption
  • Some states like California, levies a percentage on gas sales; these states get an unexpected windfall of gas revenue
  • Some states are moving to reduce gas tax: Georgia
  • Other states are moving to hike gas tax: Minnisota (of the collapsed bridge fame), Florida, North Carolina and West Virginia, Kentucky and Maine, Connecticut and Nebraska
The states hiking gas prices are getting the right idea. If they could band together, they would be a force to wreckon with. It's also important that they put the gas tax revenue to income tax rebates and uses that promotes public transportation alternatives and energy conservation, otherwise middle class and low income people will be disproportionally affected.

1 comment:

Layne Adams said...

Hi! nice post. Well what can I say is that these is an interesting and very informative topic. Thanks for sharing.Cheers!

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