California is getting even more expensive
On 11/1/2017 The gasoline tax will increase by 12 cents, from 18 cents to 30 cents per gallon The excise tax on diesel fuel will rise 20 cents, to 36 cents per gallon. And the diesel sales ta...
Forum Discussion
troubledwaters wrote:Nope. The taxes are on profit, not overhead. I may only have been around for half a century or so, but in my experience it works like this: Raise the tax, raise the price. Lower the tax, raise the price. Keep the tax the same, raise the price.Stefonius wrote:So what do you think happens when you raise the taxes on Ford, Wrangler, or General Mills? YOU PAY IT every time you buy a box of Cheerios. Pretty simple - Raise the tax, raise the price.
...Prior to 1986 (when Reagan eviscerated the tax code), close to 90% of all government spending was financed by corporations and billionaires. Now that burden has shifted to the middle class. When you give tax breaks to wealthy and corporations, they don't miraculously create jobs...
