img.thisismoney.co.uk/calculators/calcPetrol.html (are the tax rates current?)
and don't forget, the annual fuel bill is shown as net, so grossing up is required.
I cover about 40 000 miles per annum in/on various vehicles, averaging about 25 mpg. At a marginal tax/NI rate of 41%, I estimate that I contribute about £7.5k to the treasury in fuel tax, VAT and income tax/NI on gross earnings.
And the parasites want more!! The same parasites who now want a substantial pay rise.
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The revenue has to come from somewhere. If we weren't paying on fuel, we would be hit on something else.
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">The revenue has to come from somewhere.<"
Yes, the gubmint needs revenue, but does it need so much of it?
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The electorate will decide that, eventually.
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Not if they don't know the costs/benefits (of motoring) and fall for politico spin.
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The trouble the motoring press is that they condenm charging by the mile and the london conjestion charge. They should be congratlating these changes. Why? For years tax on fuel has been used as a catch for all things bad about driving, as wide ranging as congestion to climate change. The new taxes on the motorists centre on how they incovenience other road users and are thus known as congestion taxes.
The good thing about the rise in the other taxes on the motorist is that it will make some of the tax on petrol politicaly unacceptable. The politicions will be still able to tax fuel on environmental grounds but why do we need to pay tax on petrol on the grounds of congestion, when we have congestion taxes that do a much beter job?
As the tax system becomes more complex and easier to admister through electronic car tagging expect fuel taxes to fall. My main concern is why we triple the price of car fuel when it only contributes 20% of the U.K's greenhouse gas emitions, when the other 80% of global warming gases have little or no tax on them. I for one support the move by the conservatives in the early 90's of impliment VAT at a reduced rate on domestic fuel. All fuel, whether used in cars, as heating or in industry, should be taxed at the same rate on envirnmental grounds.
When will voters realise this? Putting tax on heating fuel is seen as bad since it hurts the most vulnerble groups of society. I reply it is much cheaper for society to provide extra grants to those vulnerble people rather than artifically lower the price of fuel for everyone. If fuel (car+dometic+industry) was at the 'right' price environmentaly it would provide the right incentives to conserve its use.
We need to support Ken Livingstone et al in their pursuit of congestion taxes. Voters will not take the double taxation of motoring and will then ask why they are paying so much to fill their cars up. With congestion charges in force we remove a political reason of high petrol taxes. The environmental debate will hopefully move on to focus on all the fuel we use and how to reduce that, rather than letting the reduction measures fall on the motorist.
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Torque means nothing without RPM
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My quick response is that petrol taxes are too high.
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Torque means nothing without RPM
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">Voters will not take the double taxation of motoring <"
We already accept the quadruple tax on fuel. Income tax, NI, fuel tax and VAT.
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I've said it before and I'll say it again,IF the government is truly concerned about congestion and emissions and not, just raising more and more revenue,then lets ration fuel.
Of course,they could not give a toss really, they just want more and more revenue to fund the black hole created by all the billions wasted on numerous projects,and this is an easy way to get at least some of it, all sanctioned because some government sponsored " expert " has come to a conclusion that Gordon Brown et al wanted them to.
When road pricing comes into force,sometime in the future,where do you think the initial infrastructure cost is coming from ? Yes,the motorist once again.
Sort of like digging your own grave .
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I think the accountants/economists amongst us would suggest your calculation is an example of 'double counting' since you would have exactly the same amount of PAYE deducted regardless of the level of taxes on fuel. You might as well say that childrens' clothes are taxed (which they aren't) because you pay tax and NI on your gross income and you can't claim nappy and romper disbursements against your PAYE deductions. But I can offer you some support: fuel tax is added back to everything you buy that has an element of UK-sourced fuel embedded in its price. In that respect, all consumers/voters suffer a higher cost of living when fuel tax is hiked - even those who never travel outside their sheltered accommodation.
Are these the same parasites who recently voted themselves the most generous gold-plated pension scheme outside of the boardroom of the largest Plcs while private sector pension funds went belly-up? Surely not?
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>>">Voters will not take the double taxation of motoring <"
>>We already accept the quadruple tax on fuel. Income tax, NI, fuel tax and VAT.
O.K, why should voters take quadruple tax on fuel, when paying triple for everything else?
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Torque means nothing without RPM
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">O.K, why should voters take quadruple tax on fuel, when paying triple for everything else?<"
Why indeed. Most voters have short memories, that's why successive gubmints force the painful stuff through in years 1 and 2. By the end of year 4 it's all forgotten about. This gubmint are masters of spin, that's why they are in power. Old Labour (with a few exceptions) were hopeless at spin, that's why they were turfed out in 1979, never to be seen again.
Most people voted to remain in the Common Market in the early 1970s because they expected cheap fags and booze. That's just been scotched again. But people have forgotten.
Most people accept the quadruple tax (and the VAT on tax) on fuel because they have no understanding of the tax component of their purchase.
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"> I think the accountants/economists amongst us would suggest your calculation is an example of 'double counting'<"
Possibly ;-) but it highlights just how much tax I pay the gubmint for petrol. It also demonstrates the difference between price and cost. The price of a cake might be 59p, but the cost to me (at the marginal rate) is £1.00, because that's what I have to earn to buy the cake.
">ou might as well say that childrens' clothes are taxed (which they aren't)<"
Yes they are, the VAT exemption on kid's clothes is supposed to apply up to 13 years old (I think). Must be based on a very small 13 year old.
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The cost of this proposal will have a much greater effect on low income people. Why should they be denied the opportunity to enjoy the same benefits of private transport as their better off fellow citizens? Less-monied folk, by and large, struggle to keep older cars on the road as it is:(
Politicians, academics and financial theorists tend to be in a position where they are totally insulated from the harsh economic facts of life. Many have never had a "proper" job and have similarly never been subject to the market economy with the need to actually be accountable for the work they do!
Roger. (Costa del Sol, España)
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Can somebody please tell me why we should give a stuff how much fuel we burn? (apart from trying to delay the day it inevitably runs out of course!) I'm afraid I really think the link between man's CO2 emmisions and Global Warming is tenuous at best....
Blue
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If you worry about people on low incomes you should seek to boost their income like providing a minumum income garentee. We should not worry about the cost of running cars for people of low income.
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Torque means nothing without RPM
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>>If you worry about people on low incomes you should seek to boost their income like providing a minumum income garentee.
This has been the arguement that businesses has used for years to close factories and relocate manufacturing to cheaper places in the world. Would you want to run a business in this country with all the rules and regulations that must be followed and an expensive workforce, or have someone else worry about making goods for you and then you pay for shipping and final distribution costs. The added bonus is you can always exert further pressure to reduce prices by threatening to move production elsewhere. This is the real world that we live in.
The less we manufacture in the UK will ultimately mean our economy will finally start to shrink. The wealth of Great Britian started with the industrial revolution, it was knocked back by WWI, the depression, and WWII. In the 1960's I can remember when the news always gave the monthly figures for imports and exports, to show as a nation we were paying our way. I do not believe in protecting industry at any cost, but we have to look at the growth in the service industry and civil service to realise that at some point it will ultimately affect our economic wealth.
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Roger
I read frequently, but only post when I have something useful to say.
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I would rather have the motoring taxes put onto fuel. So the people who use the roads the most pay the most. Also it encourages people to buy more fuel efficient cars.
I have got 2 diesel cars and a Landrover Defender. The tax on the cars is £135 and on the Landie £195. I don't use the Landrover much, it only does 2000 miles a year, why should I pay more gas gussling taxes for a vehical which spends most of it's time in a shed. (I need it to tow trailors)
I hate the way the government treat motorists, they don't really like ordinary people being able to move around the country. It makes me shudder when I hear politicians say that flying should be taxed more, MEP's get free travel all over the world, not cramped in economy but in first class! MP's get free travel in this country first class of course, all paid for by us mugs.
I hope one day we will see a change, but don't bet on it, once they get in power they get corrupted and forget about us, except every 5 years or so.
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I don't like taxes any more than anyone else. Stop whingeing and vote accordingly.
If you voted Labour or Conservative or Lib Dem in the past 10 years, you are partly responsible. so IF you did and now whinge, you are being a hypocrite. imo...
madf
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Madf, if I don't vote for the main party's, who on earth should I vote for. At the last election there was nobody else, and don't forget many brave people died so that I could vote.
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