Re: Cars are subsidised, unlike bicycles.
- From: Doug <jagmad@xxxxxxxxxx>
- Date: Mon, 13 Sep 2010 23:40:04 -0700 (PDT)
On 14 Sep, 07:36, Matt B <matt.bou...@xxxxxxxxxxxxxxxxx> wrote:
On 13/09/2010 08:34, The Medway Handyman wrote:The subsidy obviously is involved in the production and distribution
Doug wrote:
"“Current transport financing practices are unfit to meet 21st century
needs. As much as $700 billion is spent annually subsidizing motor
fuels,
How does a tax rate of over 60% equate to a subsidy shit for brains?
60% ?
The price of unleaded petrol, at a retail price of £1.18 per litre,
breaks down as follows:
Base price = 42.3 p/l
Tax = 74.5 p/l (duty = 57.1p, VAT = 17.4p)
I make that a tax rate of *175%* (one hundred and seventy five
per-cent). That's how other tax rates, such as VAT are given - as a
multiplier of the base price.
of car fuel, which is ridiculously cheap, whereas the tax is applied
to cover all the harm caused by its production, distribution and use.
Not that the base price of petrol is similar to bottled water at your
supermarket.
-- .
UK Radical Campaigns.
http://www.zing.icom43.net
"The car, more of a toilet than a convenience".
.
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