Friday, July 21, 2006

Correction on the Secret Connecticut Gross Earnings Tax

Now everything makes sense to me. I need top correct my last blog regarding Connecticut's Secret Gross Earnings tax levied on all fuel in the state. It is now 6.724% not 5.8% as I thought it was. I got conflicting information regarding it. Also two more secret taxes that are now charged include a Lust Tax (Leaky Underground Storage Tank) which is .001 per gallon and a Federal Spill Fee Record tax of .0012. The reality of this tax in addition to the State tax of .25 cent per gallon and a Federal tax of .184 cents per gallon and bingo you have one of the highest tax rates in the country! The Secret Gross Earnings tax adds from .17 to .21 cents per gallon more in costs. I guess our clueless State Legislature did not think the oil companies were going to pass on this tax to the consumers. Guess again. Now I see that the Legislature may go back into special (and maybe secret) session to come up with answers to Connecticut's energy problems. I do not see why they should as they have yet been able to come up with anything since 1973 except to raise taxes. Here is the solution-get off our dependency of foreign oil and use less. The State I am sure wastes energy everywhere, from State employees in State vehicles going faster than 65 miles per hour, lights on everywhere in State Buildings, and the list goes on and on. Let us face up to it, there is no thought for either taxpayers in our state nor for energy consumers. And now State taxpayers will foot the bill for this useless special session.

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