Despite the real life anecdote described above, a lot of people don't understand why and how gas prices rise and fall. There's an increase in attention to gas prices when they're higher or lower than usual because that directly concerns them as a consumer. Even when gas prices are higher, consumers keep paying because there's not really an alternative out there besides buying a new environmentally friendly car. However, there's currently a much deeper problem in the United States related to gas prices. Today, in particular, gas prices are a lot less than they have been but most Americans brush it off and wonder something along the lines of ""Who is that bad for?"". I mean, fuels costs eat up a large share of earnings in the
There has been some talk about an “oil-extraction tax.” With this tax in place, it would force companies to fork out more of the tax instead of the consumer. If higher taxes are put in place for the producer ultimately they are not the ones paying the higher price the consumer is. Either way producers will receive revenue and in order to do that they will just raise their prices. The demand for fuel is based on necessity forcing consumers to pay outrageous prices because they need it. In addition to the tax, oil companies would have to disclose more information about their supplies and prices. Since the companies have market power, some believe with the tax in place it would reduce the price of the good.
From a personal perspective, I agree with the ruling of the law to be unconstitutional as well. Although the recent ruling of the law does not cause a concerted action for the fixation of gasoline prices, it still does indirectly impose a form of price fixation. The prices are not fixed but it still forces gasoline retailers to set their prices according to Legislation, which otherwise would be illegal. This type of parallel pricing which is imposed if the law were to stay in place is exactly what the Sherman Act prohibits. Moreover, the main arguments to the law being in place are basically that smaller independent gas station owners will be driven out of business by the larger competitor’s ability to lower their prices. Rarely, however, does it occur that
I am sure that everyone of you have heard about aliens and UFOs. Indeed, we all have heard about the famous case of aliens and UFOs in Roswell, New Mexico. Most people might be interested in the topic of aliens, but I know that the majority of you just think of it as rumours and the existence of them are impossible. Therefore, I am standing here in front all of you to make you change your perspective. I am strongly confident that I have found the evidence of their real existence to convince all of you.
“Most cities our size have a 2% sales tax, if we raised it to 2% then it would put us even with all the other cities in the area,” said Million. “Individually I don’t think that would have a great impact on the individual citizens.”
The most discussed fix for the Highway Trust Fund is the gas tax increase proposal that suggests the current gas tax rate is currently too low and we need to
As a friendly reminder, the 2015 tax season will soon be here, which means it will be time to formally submit tax returns to the Internal Revenue Service (IRS). We have realized that in many cases, by the time our clients’ contact us to formally file their tax returns for the current tax year, a third of the way into the following tax year in when this occurs. Understand, it does not have to be doom and gloom though. For all of you that are our existing clients and those of you that will be our future clients, we want you all to know that The Dynamic Tax Services, LLC is here to help along the way. As you will find attached the early 2015 tax year flyer, we ask that you please share this flyer with your family, friends,
At this time, 18.4 cents is gathered as a federal gasoline tax, and 20 cents is gathered as a state gas tax. However, the federal tax is sent to Washington, and we only receive back 87 cents of every dollar sent (the rest goes to other states). As an example of this, Rhode Island gets back $2.10 for every dollar in gas tax that they send to Washington. For the state gas taxes gathered, it is even worse.
Drivers realize that the price of gas is tied to the market value of crude oil, and has a direct impact to their daily commutes, errands, and vacations. However the reality is that the price of fuel has implications much grater than most consumers realize. Fuel prices affect nearly everything we purchase. For example, the price of farm commodities and food increase because farmers pay more for the fuel for their farm equipment and trucking firms pay more for fuel to get the commodities to market. These shipping “fuel surcharges” impact all goods
“Most cities our size have a two percent sales tax, if we raised it to two percent then it would put us even with all the other cities in the area,” said Million. “Individually I don’t think that would have a great impact on the individual citizens.”
Have you served in a war? Has your father or mother served in a war? How about your grandpa? As we honor those who have served we typically do so by standing for the pledge of allegiance or star spangled banner. We say thank you to our war heroes or we go and visit them and listen to their stories. In this paper I will be discussing why NFL players should not be allowed to kneel for the flag. Although the NFL players have the right to peacefully protest, they should find a different way than kneeling as it shows disrespect towards the flag also active duty military and veterans, it teaches young children this behavior is okay, what they are protesting has nothing to do with the flag and there are many different ways to get their message out.
Gas prices have been a common complaint among many citizens. As of January, the price for regular gas in Broward County averaged $3.49 per gallon and in Palm Beach County, $3.53 per gallon. If someone has a 10-gallon tank, they will most likely buy gas once every week. This will result in an expense of $139.60 dollars every month. In this economy, it is a struggle to live life normally. Though studies have shown that gas prices will be going down as of the end of 2013, we should not postpone taking action. Gas prices are known for not being irrevocable.
For example, using a leftover coffee can for loose nails or screws, or even washing and reusing a plastic zip-loc bag instead of throwing it in the garbage. Thrift shopping is a way of reusing someone else’s unwanted goods. As I spoke about in an earlier speech about thrifting, I included many locations and ways to thrift, also the benefits to the shopper and the donator. One place in particular was shopping at the local boys and girls club. I personally shop there, keeping my eyes open for a good deal. For example, the pair of jeans that I am wearing today was purchased from this store just a few months ago. I paid only $8.00 for this pair of Lucky Jeans and according to buckle.com, a retailer for lucky jeans the retail price is $99.00 that is a savings to me of $91.00.I am not the type to worry about name brands, but quality usually does cost more. If I can get a quality pair of jeans at a fraction on the price, I am glad to shop at the thrift store. I am thankful to the person that made the donation of the lucky jeans and they can benefit from that donation. According to the IRS webpage, IRS. Gov it explains that an individual can donate items like clothing, household furniture and furnishings, a car or boat, even taxidermy. The donations are appraised, by the donator, and recorded. At the time of filing taxes if the donation equals at least $500 for the year, the donator may take advantage of the
The US consumed 142 billion gallons of gasoline in 2007 and the tax applied on it is 18. 4 cents on one gallon. All around the US, there are around 162,000 retail gasoline outlets. With the price of crude oil hovering around $100 a barrel, it is no wonder that concern is growing about the gas prices being so high. After all, modern economies are kept moving by this lifeblood. For instance, in the United States alone personal vehicles consume more than 140 billion gallons of diesel fuel and gasoline per year.However, there are several factors that contribute to the gas prices being so high. Given below are a few of them. Increasing Demand for Oil One of the main catalysts for the incessant rise in gas prices has been one of the most