California is getting even more expensive

troubledwaters wrote:

Stefonius wrote:
...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...

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.

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.

ljr wrote:

Stefonius wrote:

bob_nestor wrote:
Most people don't seem to get the point that the increased taxes on the rich and corporations get passed on to those who buy the goods and services from them. I've always maintained that the only people who actually pay taxes are the Middle Class - the rich can pass them onto others, the poor get tax breaks. Businesses are only acting as tax collectors for the Government.

History disagrees with that viewpoint. 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. They squirrel it away offshore as fast as they can, thus removing those dollars from the US economy entirely. This is very, very bad for us.

Do you own mutual funds, participate in a retirement plan or contribute to a 401k? “they” is you.

My retirement plan (et cetera) is not in offshore accounts that the government can't reach; therefore "they" is NOT me.

afidel wrote:
Astounding level? Their total tax burden is 4.4% of GSP, below the national average of 4.6%.

It's just fashionable to blast California. Seems popular on here.

TyroneandGladys wrote:
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 tax rate will go from 1.75 to 5.75 percent.

Time to buy that electric car,,maybe.. :)

Lucky you dont live in Canada..

The basic price for a LITRE of gasoline varies from province to province due to differences in provincial gasoline tax, provincial sales tax and in some cities, transit tax.
In 2015, taxes in Canada represented on average 38 cents per litre, which is approximately 35% of the pump price.

On the other hand at least food is prety cheap here,just bought a whole chicken in Superstore already cooked for 10$

I wouldn't mind if Virginia increased it's gas tax some. But only with strict provisions. Any gas taxes are to only be used for repairs of roads, no new road construction. Gas tax could be used for upgrading an intersection type of construction.

Unfortunately I do not trust politicians to do what's right. I suspect any increase in taxes would just go to line someone's pockets and pay for the politicians pet projects.

Here in Mechanicsville, Virginia at the Kroger store, a whole cooked chicken costs either $5.99 or $6.99.

free radical wrote:

TyroneandGladys wrote:
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 tax rate will go from 1.75 to 5.75 percent.

Time to buy that electric car,,maybe.. :)

Lucky you dont live in Canada..

The basic price for a LITRE of gasoline varies from province to province due to differences in provincial gasoline tax, provincial sales tax and in some cities, transit tax.
In 2015, taxes in Canada represented on average 38 cents per litre, which is approximately 35% of the pump price.

On the other hand at least food is prety cheap here,just bought a whole chicken in Superstore already cooked for 10$

Stefonius wrote:

ljr wrote:

Stefonius wrote:

bob_nestor wrote:
Most people don't seem to get the point that the increased taxes on the rich and corporations get passed on to those who buy the goods and services from them. I've always maintained that the only people who actually pay taxes are the Middle Class - the rich can pass them onto others, the poor get tax breaks. Businesses are only acting as tax collectors for the Government.

History disagrees with that viewpoint. 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. They squirrel it away offshore as fast as they can, thus removing those dollars from the US economy entirely. This is very, very bad for us.

Do you own mutual funds, participate in a retirement plan or contribute to a 401k? “they” is you.

My retirement plan (et cetera) is not in offshore accounts that the government can't reach; therefore "they" is NOT me.

Check the prospectus. You own companies that have to escape our tax system to protect your profits.

But first turn off the TV. They are filling your head with so much hate and envy that you can’t think clearly.

Stefonius wrote:

bob_nestor wrote:
Most people don't seem to get the point that the increased taxes on the rich and corporations get passed on to those who buy the goods and services from them. I've always maintained that the only people who actually pay taxes are the Middle Class - the rich can pass them onto others, the poor get tax breaks. Businesses are only acting as tax collectors for the Government.

History disagrees with that viewpoint. 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. They squirrel it away offshore as fast as they can, thus removing those dollars from the US economy entirely. This is very, very bad for us.

Please enlighten me as to which evil corporations you think the world would be better off without. Personally, I am glad a corporate behemoth like Boeing makes airplanes instead of 5 guys in a shed in their back yard. Makes me feel a bit safer when I am 30,000 feet in the air.
Perhaps there is no Billionaire more hated than Donald Trump. Do you think the 22,000+ people employed by the Trump Organization would be better off without their jobs? Take a look at the richest people in the US. They are not idly rich, they are the owners and creators of the technology and businesses that make our lives better. The 500 largest publicly traded companies in the US (S&P 500) employ over 25 million people. I think you would find that the vast majority of those people are actually happy they are employed by large and profitable companies.
You do realize that most large corporations are publicly owned? You can become an owner of any of them with a few clicks of the mouse on your computer. Then you too would have ownership of those giant bales of money in offshore warehouses. You can become on of the greedy owners that gaze upon those stacks of hundreds while laughing an evil laugh at how they abuse the common folk. Don't hate the rich, take steps to join them instead.

Done following as it is going downhill.

dalenoel wrote:
Done following as it is going downhill.

Yep!