A good tax hike?
from 
JoeUser Forums
JoeUser Forums
Everyone agrees that one area of concern, which more often than not leads to military consequences, is our reliance and use of middle eastern oil. One way to begin to rid ourselves of this burden would be to instiute a gas tax. Now I know what you are all thinking, and it is in fact what I thought at first: A GAS TAX?! WHAT HAVE YOU BEEN SMOKING SANDY2?!? But yes, a gas tax. I know that we consider the price of gas to be high already, and I know that increasing the price of gas could hurt the economy, but then late in the night I came up with this Idea.
If we instituted a gas tax, for example a one dollar per gallon gas tax, this would create a revenue of about 162 billion dollars. This tax would then be given back to people paying income tax in the form of a tax reduction, or tax break if you will. This would give each person filing income tax a reduction of about $1245. To slightly ofset the cost of the program to the government, any person who would pay a negative tax due to this will not recieve a payment from the IRS (in other words, people who's tax charge was less than $1245 would not benifit with a check of $1245- (tax charge) dollars, but rather would have their tax zeroed out.
Now if you compare this with the annual gasoline cost for Chevorlet Colorado of just over a thousand dollars, this will benefit most americans. The only people it would hurt are those who insist on driving gas guzzling cars, and it will benefit those caring souls driving hybrids the most. It will provide a reason to drive less, while refunding the tax in the end as to not fiscally hurt anyone. And guess what. The car makers support it!
If we instituted a gas tax, for example a one dollar per gallon gas tax, this would create a revenue of about 162 billion dollars. This tax would then be given back to people paying income tax in the form of a tax reduction, or tax break if you will. This would give each person filing income tax a reduction of about $1245. To slightly ofset the cost of the program to the government, any person who would pay a negative tax due to this will not recieve a payment from the IRS (in other words, people who's tax charge was less than $1245 would not benifit with a check of $1245- (tax charge) dollars, but rather would have their tax zeroed out.
Now if you compare this with the annual gasoline cost for Chevorlet Colorado of just over a thousand dollars, this will benefit most americans. The only people it would hurt are those who insist on driving gas guzzling cars, and it will benefit those caring souls driving hybrids the most. It will provide a reason to drive less, while refunding the tax in the end as to not fiscally hurt anyone. And guess what. The car makers support it!
PolMach Forums
