I've known for a long time that we pay more in NY for gasoline and heard that the way we tax it had a lot to do with it, so this week I did a little research so I could educate the faithful readers of this blog. Was I surprised? You be the judge.
I hate watching the news lately, especially the news about gas prices. Inevitably the newscasters will lament the recent rise in the pricing, and blame the oil companies for their greediness. I'm a proponent of business, even big business, however, and I guess I don't mind the guys that are taking all the risks making some money on the deal. To get oil they have to send people to dangerous places, ship it long distances in sometimes hostile waters, refine it in areas that are subject to storm damages each year, face countless lawsuits and legalities from environmental groups, are forced to dilute their products with inferior additives, and all this just to make a buck. I truly am ok with that. What I"m not ok with is the taxation of this product that most of us need in order to work, go to school or obtain goods and services. Here's a snapshot of how each state measures up on this, and surprise, surprise, NY ranks #1 in the amount that they slap onto each gallon of gas used. If Governor Cuomo is serious about making NY a better place for business, here's a starting point to try and correct. FYI, we are one of the few states that tax this based on a percentage, so the tax is actually larger than this today as I write this, and will go up even more with every spike in oil pricing.
I hate watching the news lately, especially the news about gas prices. Inevitably the newscasters will lament the recent rise in the pricing, and blame the oil companies for their greediness. I'm a proponent of business, even big business, however, and I guess I don't mind the guys that are taking all the risks making some money on the deal. To get oil they have to send people to dangerous places, ship it long distances in sometimes hostile waters, refine it in areas that are subject to storm damages each year, face countless lawsuits and legalities from environmental groups, are forced to dilute their products with inferior additives, and all this just to make a buck. I truly am ok with that. What I"m not ok with is the taxation of this product that most of us need in order to work, go to school or obtain goods and services. Here's a snapshot of how each state measures up on this, and surprise, surprise, NY ranks #1 in the amount that they slap onto each gallon of gas used. If Governor Cuomo is serious about making NY a better place for business, here's a starting point to try and correct. FYI, we are one of the few states that tax this based on a percentage, so the tax is actually larger than this today as I write this, and will go up even more with every spike in oil pricing.
4 comments:
Holy shit batman
Depressing! Where is your hope springs eternal - give us a glimmer of hope????
Why am I not surprised....welcome to New York - The Vampire State!
Last year I purchased 512 gals of gas for $1,948.84 @ a price per gal of $3.797 Considering this was more than 12% of my gross income - If only I could believe that 50.3 Cents per gallon balanced the NY state's budget and that they were working hard to control expenditures....
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