High Gas Prices Mean Tax Windfall For State

Okay, I understand how this works. A 5% tax on $4.50 a gallon brings in more than if it was $3.50 a gallon. What caught my eye was this wonderful bureaucratic quote.

“Although it’s not fun to be paying these kind of prices at the pump, there is some indirect benefit to the bottom line,” said H. D. Palmer, the Deputy Director for California’s Department of Finance.

But why not just lower the sales tax and give money back to the people of California?

“It’s providing revenue,” Palmer said. “We’re a growing state.”

And in a nutshell folks, this is why we will never see a penny back from any tax. Once the bureaucrats have gotten their hands on your money, they will never give it back, because as Mr. Palmer so eloquently says, “It’s providing revenue”.

My money was never intended to be the State’s revenue stream, but they sure seem to think so.


~ by thedark2 on July 3, 2008.

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