Talk of The Villages Florida - View Single Post - Oil Prices
Thread: Oil Prices
View Single Post
 
Old 03-30-2021, 02:39 PM
blueash's Avatar
blueash blueash is offline
Sage
Join Date: Jan 2008
Posts: 3,390
Thanks: 253
Thanked 3,498 Times in 941 Posts
Default

Quote:
Originally Posted by Bucco View Post
I THINK that the current federal tax on a gallon of gas is about 18.3 per gallon.....in Florida, add .344 to that.
Decimal points Bucco, always check your decimal points. You listed the federal in cents and then Florida in dollars, so either $0.183 and $0.344 or 18.3 cents and 34.4 cents. Florida collects about double what the Federal govt gets per gallon, but Florida is responsible for about 2/3 of the costs of road work, so about right. The county and municipalities in Florida can also impose a fuel tax. The US is losing money on their highway funds as the costs of road construction and repair exceed the amount collected in taxes. See Federal HERE So the highway fund is given money from the general funds to provide the cash required.

Florida, unlike the Federal govt automatically raises its fuel tax every year based on the CPI. If the Federal gov't did the same we would now be paying about 33 cents Federal fuel tax/gallon instead of 18.
__________________
Men plug the dikes of their most needed beliefs with whatever mud they can find. - Clifford Geertz