Essential Economics for Politicians

[Bruddah IZ]

My advice to rat and espola is to consult a real tax professional before owning or operating a gas station.
My conjecture is neither professional or worthy of much more than a passing thought.

One thing I can say for certain, is that adding a tax or increasing a tax, will always lead to higher cost for the consumer.

Why are we paying tax on an industry that is already taxpayer subsidized?

 

[espola]

Is it a sales tax?
If you top off your tank and pay the tax on that inventory before the tax is applied. Is that against the law?

I posted a link to the text of the law.

 

[espola]

My advice to rat and espola is to consult a real tax professional before owning or operating a gas station.
My conjecture is neither professional or worthy of much more than a passing thought.

One thing I can say for certain, is that adding a tax or increasing a tax, will always lead to higher cost for the consumer.

The price posted today at the Arco on the corner I pass most days is still $3.499, just like it was on June 30th.

Do you suppose they have big tanks?

 

[Hüsker Dü]

The price posted today at the Arco on the corner I pass most days is still $3.499, just like it was on June 30th.

Do you suppose they have big tanks?

Last week the Carmel Mountain Costco ran out of regular. I filled my tank with premium for the price of regular.

 

[Ricky Fandango]

The price posted today at the Arco on the corner I pass most days is still $3.499, just like it was on June 30th.

Do you suppose they have big tanks?

I don’t know.
Do you suppose raising taxes doesn’t make the price go up?

 

[espola]

I don’t know.
Do you suppose raising taxes doesn’t make the price go up?

I'm only posting what I'm seeing. My $3.269/gallon purchase yesterday was not the lowest I have paid this year, but it was close to what I was paying in March, before the big price jumps nationwide in April.

 

[Hüsker Dü]

I don’t know.
Do you suppose raising taxes doesn’t make the price go up?

Think, is it a consumer tax or a retailer tax.

 

[Ricky Fandango]

Think, is it a consumer tax or a retailer tax.

Why?
Does one tax not make the price go up, while the other one does?
Think.

 

[Bruddah IZ]

Sales tax is sales tax. You make a sale you charge the tax . . . so simple even a caveman (should) be able to understand. Did the retailer pay the tax?

Because they have a choice? Come on cave man.

 

[Ricky Fandango]

I'm only posting what I'm seeing. My $3.269/gallon purchase yesterday was not the lowest I have paid this year, but it was close to what I was paying in March, before the big price jumps nationwide in April.

If the price is the same now as it was before the tax took affect, there are other market forces keeping it that way.
Without the tax increase, prices would be about five cents less.

This isnt rocket science.

 

[espola]

If the price is the same now as it was before the tax took affect, there are other market forces keeping it that way.
Without the tax increase, prices would be about five cents less.

I don't disagree with that, but reality often intrudes upon opinion.

Are you agreeing now that it is a retail tax?

 

[Ricky Fandango]

I don't disagree with that, but reality often intrudes upon opinion.

Are you agreeing now that it is a retail tax?

I never said it wasn't a retail tax.
Its irrelevant either way.

The reality is that tax increases force prices up.

 

[espola]

Last week the Carmel Mountain Costco ran out of regular. I filled my tank with premium for the price of regular.

Did they offer that as an alternative?

 

[espola]

I never said it wasn't a retail tax.
Its irrelevant either way.

If it's a retail tax, then your idea of "it's not applied to what's in the tanks" is irrelevant.

 

[Ricky Fandango]

If it's a retail tax, then your idea of "it's not applied to what's in the tanks" is irrelevant.

I detailed some of the possibilities.
No need to repeat myself.
You can consult your own tax professional when you and rat open your own gas station.

 

[espola]

I detailed some of the possibilities.
No need to repeat myself.
You can consult your own tax professional when you and rat open your own gas station.

Or you could just admit you are wrong and move on.

 

[Bruddah IZ]

Why?
Does one tax not make the price go up, while the other one does?
Think.

That could be considered racist. The think part I mean.

 

[Bruddah IZ]

I don't disagree with that, but reality often intrudes upon opinion.

Are you agreeing now that it is a retail tax?

Thatʻs quite the legacy youʻre passing on to the twins.

 

[Bruddah IZ]

Or you could just admit you are wrong and move on.

Are you getting more or less gallons when the gas tax is .52 cents per gallon insead of .41 cents per gallon.

 

[Multi Sport]

Or you could just admit you are wrong and move on.

Something you know ZERO about.

 

[Hüsker Dü]

If it's a retail tax, then your idea of "it's not applied to what's in the tanks" is irrelevant.

WOW! I'm surprised the plumber runs a business (or does he?). This is a very easy concept to grasp.