them being two different items, the price of Gas is 1.00 a gallon; the taxes
are 1/3 of that.
_____
From: Philip Arnold [mailto:[EMAIL PROTECTED]
Sent: Tuesday, June 08, 2004 3:06 PM
To: CF-Community
Subject: RE: US Oil Problems.
> From: Nick McClure
>
> Where did 25% come from?
Follow his math
> From: Jerry Johnson
>
> 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.
We start with $1.00
33% of $1.00 = $0.33
Add these together = $1.33
So, the 33% tax is actually 25% of the total cost
That's where it came from :)
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