tax=.33
total=1.33
tax as percent of total=(.33/1.33)*100
tax as percent of total=24.8%
To sanity check, .33*4 = 1.32
Jerry Johnson
>>> [EMAIL PROTECTED] 06/08/04 02:56PM >>>
Where did 25% come from?
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From: Jerry Johnson [mailto:[EMAIL PROTECTED]
Sent: Tuesday, June 08, 2004 1:57 PM
To: CF-Community
Subject: RE: US Oil Problems.
To be a weenie,
If gas is $1.00, and taxes are $.33, then the total for that gallon is $1.33
The tax is only 25%, or 1/4th of the price.
Jerry Johnson
>>> [EMAIL PROTECTED] 06/08/04 01:45PM >>>
I know the federal gas tax is around 18%, The Kentucky State Tax is about
15% Which comes to roughly 33%. So here 1 third of the gas price is taxes,
but it does differ state to state.
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