CDR: RE: Voluntary Mandatory Taxes
Trei, Peter
ptrei at rsasecurity.com
Tue Sep 12 11:23:34 PDT 2000
Tim wrote
> At 10:35 AM -0700 9/12/00, Marshall Clow wrote:
> > Refinery: 17.2 [ I'm guessing this includes raw
> >oil costs ]
> > Retailer: 4.2
> > VAT: 12.64
> > Duty: 50.89
> >
> > Total 84.9 [ this is the price at the pump ]
> >
> >that's 74.8% tax, folks.
>
> Which is of course what the original article was saying.
>
> A nit, but "74.8% tax" may be misleading to some. It suggests a tax
> rate of "only" about 10 times the normal sales tax (normal in the
> States, for ordinary goods). In fact, the 75% is of course 75% of the
> final price. Or, roughly a 400% tax on the original commodity.
>
> For example, imagine a Jaguar XK8 costing $60K plus $240K in taxes.
> 75% in taxes would suggest 60K plus 45K. The oil situation is 400% in
> taxes.
>
A nit on a nit: This is ~300% tax, not ~400%. Consider: 10 pounds worth
(to the refiner/dealer) of petrol yeilds s the British government about 30
pounds of taxes. ie, 300% of the cost of the item.
It's still mind-boggling that a nominally free people will put up with this
kind
of organized theft.
Peter
> Welcome to statism.
>
>
> --Tim May
>
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