Gasoline excise and sales tax are "perfect" for our weak Pacifica economy. Not much development needed. Just drive through, stop, fill-up, and leave.
San Francisco Chronicle, Kathleen Pender Net Worth Plus column, 2/28/13. "California gasoline tax to jump by 3.5 cents a gallon July 1."
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This is the by far the biggest annual increase since the Legislature approved a convoluted system for setting gasoline taxes in 2010 as a way to help fill a hole in the general fund that year.
The legislation lowered the sales tax rate on gasoline to 2.25 from
8.25 percent and raised the excise tax rate to 35.3 cents from 18 cents
per gallon starting July 1, 2010. It required this so-called fuel tax swap
to be revenue neutral, meaning the tax revenue generated by the two
taxes combined should not change as a result of the swap. The
legislation required the board to adjust the excise tax by March 1 each
year to achieve revenue neutrality, with the change taking effect July
1. .... Because the sales tax rate is a percentage, not a per-gallon amount like
the excise tax, sales taxrevenues vary considerably based on gasoline
prices and consumption." Read article.
Related - Federal, State excise, sales taxes (any local taxes are not included. Wikipedia, 1/13, "Fuel taxes in the United States" (State and Federal combined): California has the 2nd highest combined gasoline tax in the nation, gasoline 67.1, diesel 75.3. Compare to New York with the highest combined gas tax, gasoline 69, diesel 75.4. Or, Gas Price Watch.com, (source the American Petrolum Institute 4/20/12), California combined gasoline tax is 69, diesel 79.5. Compare to New York gasoline 69.6, diesel 75.1. These taxes do not include any additional local taxes. Earlier sources for comparison: CA government Energy Almanac,7/1/10, and, Fueling California Consumer Alliance, 4/2009, 7 page pdf,
5 comments:
Im a lifelong Democrat, but is that all our party can do? Spend money and raise taxes?
Seemingly somewhat conflicting article statements 1) "The statewide excise tax on gasoline will rise by 3.5 cents to 39.5 cents per gallon starting July 1." And, 2) "Because the sales tax rate is a percentage, not a per-gallon amount like the excise tax, sales tax revenues vary considerably based on gasoline prices and consumption."
If anyone is able to clarify "per gallon cost" vs "percentage, not a per-gallon cost", your explanation will be appreciated.
I'm assuming the excise tax is a percentage, but the total tax amounts to a per gallon cost. And as a disclaimer, other gasoline cost variables exist outside the gas tax formula.
Yes. It is all the democrats know how to do. What about it. We have a president who was a community organizer and he does not know what to do. Blame yourself. No complaining. Deal with it and pay up.
There are a lot of taxes and fees that are added to the cost of a gallon of gas in CA. It gets pretty complicated.
The bulk of the taxes and fees are fixed, per-gallon costs, but there are some calculated as a percentage of the sale.
Pacifica's local tax is based on a percentage -- somewhere around 1.25%.
Oh, and in answer to your question, the state collects both fixed, per-gallon taxes AND variable (percentage) taxes on gasoline sold in the state.
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