Gas Wtf?
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Joined: Jan 2005
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From: Marshall, Tx
Originally Posted by 89Lariat
The takehome % there is FAR less than in the USA. Income tax in some Northern Euro countries is between 40 and 60%
http://www.infoplease.com/ipa/A0922307.html
also
http://www.worldwide-tax.com/
of course these are not all inclusive of local or regional taxes, but can give you a base line for comparison.
also you can use this chart to determine how much of the tax wedge that the employee is actually paying vs. what the employer is paying. Green + Tan = what the employee is paying.
When you add the amount that the employee pays to the amount that the employer pays you get information like that in the following table.
http://moneycentral.msn.com/content/Taxes/P148855.asp
So as you can see, US citizens on average are paying approximately the same amount as many Europeans with exception of the Danish.
Senior Member
Joined: Nov 2002
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From: N. Florida
Here's the way I see it.
The price of oil is 72.19 a barrel. Assuming they use 55 gallon drums, figuring that up comes to $1.31 per gallon of oil. (I am basing these statements on 1 55 gallon barrel) Now that is the price of raw crude right out of the ground. Now let's factor shipping and refinery costs and say that it adds $.40 cents a gallon, that now makes the barrel $94.19 a barrel which then makes it $1.71 a gallon. The original poster said he saw it for $3.54 a gal.
Based on the calculations(Which could be entirely incorrect), that means there is between a $1.30- $1.80 price increase between the store buying the gas and and state and federal taxes. So they are basically doubling the actual price mainly because of taxes that our government forces us to pay and then they -politicans- blame the oil companies and OPEC and everyone else when they themselves are the root cause.
Like I said, I could be way off on this, so please feel free to correct me if I am wrong which I more than likely am.
The price of oil is 72.19 a barrel. Assuming they use 55 gallon drums, figuring that up comes to $1.31 per gallon of oil. (I am basing these statements on 1 55 gallon barrel) Now that is the price of raw crude right out of the ground. Now let's factor shipping and refinery costs and say that it adds $.40 cents a gallon, that now makes the barrel $94.19 a barrel which then makes it $1.71 a gallon. The original poster said he saw it for $3.54 a gal.
Based on the calculations(Which could be entirely incorrect), that means there is between a $1.30- $1.80 price increase between the store buying the gas and and state and federal taxes. So they are basically doubling the actual price mainly because of taxes that our government forces us to pay and then they -politicans- blame the oil companies and OPEC and everyone else when they themselves are the root cause.
Like I said, I could be way off on this, so please feel free to correct me if I am wrong which I more than likely am.
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Joined: Oct 2006
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Originally Posted by paulv107
Here's the way I see it.
The price of oil is 72.19 a barrel. Assuming they use 55 gallon drums, figuring that up comes to $1.31 per gallon of oil. (I am basing these statements on 1 55 gallon barrel) Now that is the price of raw crude right out of the ground. Now let's factor shipping and refinery costs and say that it adds $.40 cents a gallon, that now makes the barrel $94.19 a barrel which then makes it $1.71 a gallon. The original poster said he saw it for $3.54 a gal.
Based on the calculations(Which could be entirely incorrect), that means there is between a $1.30- $1.80 price increase between the store buying the gas and and state and federal taxes. So they are basically doubling the actual price mainly because of taxes that our government forces us to pay and then they -politicans- blame the oil companies and OPEC and everyone else when they themselves are the root cause.
Like I said, I could be way off on this, so please feel free to correct me if I am wrong which I more than likely am.
The price of oil is 72.19 a barrel. Assuming they use 55 gallon drums, figuring that up comes to $1.31 per gallon of oil. (I am basing these statements on 1 55 gallon barrel) Now that is the price of raw crude right out of the ground. Now let's factor shipping and refinery costs and say that it adds $.40 cents a gallon, that now makes the barrel $94.19 a barrel which then makes it $1.71 a gallon. The original poster said he saw it for $3.54 a gal.
Based on the calculations(Which could be entirely incorrect), that means there is between a $1.30- $1.80 price increase between the store buying the gas and and state and federal taxes. So they are basically doubling the actual price mainly because of taxes that our government forces us to pay and then they -politicans- blame the oil companies and OPEC and everyone else when they themselves are the root cause.
Like I said, I could be way off on this, so please feel free to correct me if I am wrong which I more than likely am.
Senior Member
Joined: Jan 2005
Posts: 599
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From: Marshall, Tx
Originally Posted by paulv107
Here's the way I see it.
The price of oil is 72.19 a barrel. Assuming they use 55 gallon drums, figuring that up comes to $1.31 per gallon of oil. (I am basing these statements on 1 55 gallon barrel) Now that is the price of raw crude right out of the ground. Now let's factor shipping and refinery costs and say that it adds $.40 cents a gallon, that now makes the barrel $94.19 a barrel which then makes it $1.71 a gallon. The original poster said he saw it for $3.54 a gal.
Based on the calculations(Which could be entirely incorrect), that means there is between a $1.30- $1.80 price increase between the store buying the gas and and state and federal taxes. So they are basically doubling the actual price mainly because of taxes that our government forces us to pay and then they -politicans- blame the oil companies and OPEC and everyone else when they themselves are the root cause.
Like I said, I could be way off on this, so please feel free to correct me if I am wrong which I more than likely am.
The price of oil is 72.19 a barrel. Assuming they use 55 gallon drums, figuring that up comes to $1.31 per gallon of oil. (I am basing these statements on 1 55 gallon barrel) Now that is the price of raw crude right out of the ground. Now let's factor shipping and refinery costs and say that it adds $.40 cents a gallon, that now makes the barrel $94.19 a barrel which then makes it $1.71 a gallon. The original poster said he saw it for $3.54 a gal.
Based on the calculations(Which could be entirely incorrect), that means there is between a $1.30- $1.80 price increase between the store buying the gas and and state and federal taxes. So they are basically doubling the actual price mainly because of taxes that our government forces us to pay and then they -politicans- blame the oil companies and OPEC and everyone else when they themselves are the root cause.
Like I said, I could be way off on this, so please feel free to correct me if I am wrong which I more than likely am.
http://www.energy.ca.gov/gasoline/wh...arrel_oil.html
http://www.txoga.org/articles/308/1/...RUDE-OIL-MAKES
Senior Member
Joined: Aug 2003
Posts: 933
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From: in a van down by the river
I dont care if my truck would get 60 mpg...paying 3.50 for gas is bullchit.
Whats the sence of inventing hybrid cars that get better mileage? Alls they do is raise the price of gas so its the same as driving a gas hog with cheap prices for gas. Ridiculous.
Whats the sence of inventing hybrid cars that get better mileage? Alls they do is raise the price of gas so its the same as driving a gas hog with cheap prices for gas. Ridiculous.
Graphics Contributor
Joined: Sep 2006
Posts: 2,367
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From: Buffalo NY
Originally Posted by Oxlander
Nope. The federal minimum wage has remained the same 5.15/hour since Sept. 1, 1997
Congress did vote to increase minimum wage to 7.25/hour through incremental increases by the end of the summer 2009.
BTW England's minimum wage will increase in October to $11.22/hour
Congress did vote to increase minimum wage to 7.25/hour through incremental increases by the end of the summer 2009.
BTW England's minimum wage will increase in October to $11.22/hour
is NY different then? minimum wage has been increased by small amounts for a while, has been $7.00 for a little while and theyre bumping it up a little more soon.
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Joined: Aug 2006
Posts: 493
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From: Tennesseee
oh no...if gas prices go up 5 cents that means i have to pay $1 more for every 20 gallons....OH NO!!
Dont buy a $25000+ truck and then complain when you have to spend 2-3 more dollars at the pump than last week.
Dont buy a $25000+ truck and then complain when you have to spend 2-3 more dollars at the pump than last week.
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Joined: Dec 2004
Posts: 891
Likes: 1
From: Lost some where in the middle of the Ozark Mountains!
Originally Posted by JBMX928
is NY different then? minimum wage has been increased by small amounts for a while, has been $7.00 for a little while and theyre bumping it up a little more soon.
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Joined: Dec 2004
Posts: 891
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From: Lost some where in the middle of the Ozark Mountains!
Originally Posted by Ftruck05
Fox news just had a clip about Ford. They say Hydrogen motors are only 3-5 years away!
I wish there was a sarcasam smile
I wish there was a sarcasam smile
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Joined: Aug 2001
Posts: 209
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From: Atlanta
Originally Posted by 89Lariat
Economies tend to follow a boom then bust cycle. The Chinese are eventually gonna grow too much and collaspe as well, probably India too.
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From: Marshall, Tx
Originally Posted by PSS-Mag
I thought Minimum Wage was federal but apparently there is a federal which is $5.15. Then each state has it's own Minimum Wage and can not be below the Federally mandated $5.15, ours is $6.50.
New minimum wage poster:
http://hr.sc.edu/policies/posters/minwageP.pdf
Originally Posted by JBMX928
is NY different then? minimum wage has been increased by small amounts for a while, has been $7.00 for a little while and theyre bumping it up a little more soon.
Most states are at or above the federal minimum wage. Like, New York at $7.15 And some cities actually have a "living wage" like that of San Francisco which is currently $9.14/hour.
http://en.wikipedia.org/wiki/List_of..._minimum_wages
I agree completely with
Originally Posted by 89Lariat
Everytime the minimum wage increases people will be better off for a very short period of time. After a while though the extra money and increased demands and costs to employers will cause inflation.
"The wage increase now goes to the Senate, where members of both parties have indicated they intend to tie it to tax breaks to help offset any new costs from higher wages." -NY Times
So the tax base is going to drop. Where are the municipalities going to get the money that they rely upon to run the day to day expenses? You know, stuff like roads, street lights, police departments, etc. That's right, they are just going to raise taxes locally through sales tax increases, property taxes, and yes even fuel taxes. Its all smoke and mirrors.
"The measure would increase the minimum wage to $5.85 per hour 60 days after being signed into law. It would then rise to $6.55 per hour one year later and $7.25 after two years, bringing an estimated $4,000 per year extra to a minimum wage employee working full time." -NY Times
If minimum wage earners are so desperate for a wage increase, and the politicians/law makers are so willing to help their fellow man, why make them wait two years for it. Just give it to them all at once. 2.10 increase today. After all they are struggling now.
Oh, wait, I know why not. Because the taxes on all purchased items would increase double digit percents overnight. Essentially erasing any wage increase. A proverbial slap in the face to the American wage earner, tax payer, consumer. You certainly wouldn't want that to happen just 16 months before a national election. No, lets just gradually phase it in over 2 years, long after the election is over, so that we don't really notice. Smoke and mirrors.
FWIW the living wage in London, England is currently 7.20GBP = $14.63 /hour. How much are they paying for petrol across the pond? Smoke and mirrors
