- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Is it time to raise taxes??
Posted on 12/24/14 at 4:48 pm to Zach
Posted on 12/24/14 at 4:48 pm to Zach
I remember awhile back, I read an article about a state (California, I think) wanting to raise taxes on gasoline because it was so expensive people were traveling less. this was causing lower revenues from gas.
now gas is cheaper and people are buying more of it, so some want to raise taxes?
doesn't the govt get more tax money by virtue of the fact more gas is being purchased?
now gas is cheaper and people are buying more of it, so some want to raise taxes?
doesn't the govt get more tax money by virtue of the fact more gas is being purchased?
This post was edited on 12/24/14 at 4:50 pm
1
Posted on 12/24/14 at 4:50 pm to Tiguar
Wait.
You mean you can LOWER tax rates and INCREASE tax receipts?
Blasphemy!
You mean you can LOWER tax rates and INCREASE tax receipts?
Blasphemy!
Posted on 12/24/14 at 4:54 pm to Zach
quote:
In the past week I've read several articles from liberal columnists regarding falling oil prices. There seems to be a recurrent theme. Here is the short version:
Due to lower gas prices consumers have more money in their wallets. Predictably, this means they are spending more money on consumer goods and services.
One problem... consumers are too friggin' stupid to know the best use of their money. Therefore, this is a perfect opportunity to raise taxes. Instead of golf clubs or a new purse the money could be used to repair bridges, highways, public schools, etc. And we could plow a lot of it into alternative energy programs.
When gas prices go back up we can get rid of the tax increases. The extra revenue collected in the interim will be safely in federal coffers to fund much needed projects.
The State and Federal tax on a gallon of gasoline is approximately 42 cents.
Now that the price of a gallon of gas is lower, people are able to buy more gallons of gas for the same amount of money which means the government gets more money in taxes off of that same amount of money.
Therefore, taxes are already being raised. The public just doesn't feel it because they are also getting more gas for the same amount of money.
Posted on 12/24/14 at 6:47 pm to Lsupimp
quote:The thing to remember is that you can reach a point of diminishing returns.
You mean you can LOWER tax rates and INCREASE tax receipts?
Blasphemy!
Posted on 12/24/14 at 7:44 pm to Zach
quote:
get rid of the tax increases.
lol
Posted on 12/24/14 at 7:53 pm to Zach
You could make an argument for raising excise taxes on fuel, since they've been at the same amount for over 15 years.
Posted on 12/24/14 at 8:11 pm to Jcorye1
quote:
You could make an argument for raising excise taxes on fuel, since they've been at the same amount for over 15 years.
You could make that argument but I would make the counter argument that any rise in the excise tax on fuel will result in the higher cost of that fuel and the lower consumption of that fuel, therefore, less excise tax revenue collected from the sale of that fuel.
Posted on 12/24/14 at 8:21 pm to deltaland
quote:
quote: In today's age there is no reason to drive a huge truck. It just screams insecurity. A small car is more than enough...all other developed countries get by with them.
I'm not here nearly as often as most of you. In fact, I don't ever recall seeing your name on here. This is the first time. But, as has been suggested already.....go frick yourself. A million times over. Please. Go frick yourself.
Geez, I hope you were being sarcastic.
Posted on 12/25/14 at 10:29 am to deltaland
quote:
In today's age there is no reason to drive a huge truck. It just screams insecurity. A small car is more than enough...all other developed countries get by with them.
Lets all go back to horse and buggy. Just think of the jobs you can create picking up the crap all day in the city. On top of that you can get about 10 miles per day.
And don't forget you can get more people in a buggy than those 2 passenger lectric cars that have to be charged every 60 miles. Would make a trip to Disney world a one buggy ride instead of three cars per family.
This post was edited on 12/25/14 at 10:33 am
Posted on 12/25/14 at 11:55 am to catnip
quote:
Lets all go back to horse and buggy.
The Unabomber agrees with this. BTW, he's 72 now. Still in prison in Colorado serving 8 life sentences. I think that's excessive. 5 life sentences would be good enough.
Posted on 12/25/14 at 11:59 am to DawgfaninCa
quote:
You could make that argument but I would make the counter argument that any rise in the excise tax on fuel will result in the higher cost of that fuel and the lower consumption of that fuel, therefore, less excise tax revenue collected from the sale of that fuel.
Fuel demand is inelastic. The Louisiana tax on fuel is only 20.125 cents a gallon for what it's worth.
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News