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Old July 1st, 2010, 06:09 PM   #1041
pilotos
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1st of July prices for Greece, i couldn't locate anything less than 1.499 €/Liter in Larissa, VAT is now on 23%.
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Old July 2nd, 2010, 03:03 PM   #1042
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In all Greece the moderate price is 1,47 - 1,49€... ... in some areas the price is more expensive
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Old July 2nd, 2010, 09:36 PM   #1043
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In Latvia the at the top selling gas station chain it's from 0.780Ls (outside Riga) to 0.789Ls (in Riga) ...

In EUR that's ~1.10 - 1.12 / liter
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Old July 2nd, 2010, 09:50 PM   #1044
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Here in Qatar, 0,70 QAR a litre for Premium 92 octane and 0,8 QAR for Super 98.
That means 14 and 16 eurocents.
Cheaper than bottled water !!!
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Old July 2nd, 2010, 09:57 PM   #1045
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gas prices on the island of O'ahu today:

regular $3.35 / gallon
medium $3.45 / gallon
super $3.55 / gallon
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Old July 4th, 2010, 04:37 PM   #1046
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Shell standard prices in Denmark:

Today:

92 Unleaded: 11.09 (1.49€/liter, $7.07/gal)
95 Unleaded: 11.12 (1.49€/liter, $7.09/gal)
V-Power 99: 11.71 (1.57€/liter, $7.47/gal)
Diesel: 9.79 (1.31€/liter, $6.19/gal)
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Old July 4th, 2010, 06:05 PM   #1047
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Are those huge taxes really worth it? What return do Europeans get out of those excessive taxes? In the United States, gasoline is a basic necessity and those outrageous and regressive taxes would really hurt the poor the most.

There has been talk here of a VAT in the U.S. (Obama loves European bad ideas) but, hopefully, Congress will be smart enough to keep it away from these shores
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Old July 4th, 2010, 06:14 PM   #1048
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You already have a VAT. It's called sales tax in the United States.
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Old July 4th, 2010, 06:39 PM   #1049
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Brazil today:

(Liter)
GASOLINA ÁLCOOL DIESEL
2.19------- 1.14 ---- 1.89
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Old July 4th, 2010, 07:00 PM   #1050
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Quote:
Originally Posted by El Tiburon View Post
Are those huge taxes really worth it? What return do Europeans get out of those excessive taxes? In the United States, gasoline is a basic necessity and those outrageous and regressive taxes would really hurt the poor the most.

There has been talk here of a VAT in the U.S. (Obama loves European bad ideas) but, hopefully, Congress will be smart enough to keep it away from these shores
Funny, I heard talk the other day from some tea-party candidate (Sharron Angle?) about replacing the income tax (purportedly unconstitutional, notwithstanding an amendment to the Constitution specifically authorizing it) with sales tax on everything. Democrats have no monopoly on bad ideas, even European-inspired ones. :-)

But I agree very strongly that raising the gas tax would be regressive and for that reason should not be done.
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Old July 4th, 2010, 07:02 PM   #1051
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Quote:
Originally Posted by ChrisZwolle View Post
You already have a VAT. It's called sales tax in the United States.
It's not as high, though. And exempts (in many if not most states) necessities like food and (in some places) clothing. Highest sales tax I know of is 8.25 percent, in New York City. Doesn't the VAT get as high as 20 percent in places?
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Old July 4th, 2010, 07:38 PM   #1052
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VAT can go up to 25% in some Scandinavian countries, but it has to be noted food is often not taxed as high, for example food in the Netherlands has a VAT of 6%.
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Old July 4th, 2010, 08:04 PM   #1053
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Quote:
Originally Posted by ChrisZwolle View Post
VAT can go up to 25% in some Scandinavian countries, but it has to be noted food is often not taxed as high, for example food in the Netherlands has a VAT of 6%.
For expensive, and some not-so-expensive, items, I often go to Delaware. 20 miles away (at its closest point) and no sales tax at all.
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Old July 4th, 2010, 10:18 PM   #1054
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Quote:
Originally Posted by El Tiburon View Post
Are those huge taxes really worth it? What return do Europeans get out of those excessive taxes? In the United States, gasoline is a basic necessity and those outrageous and regressive taxes would really hurt the poor the most.

There has been talk here of a VAT in the U.S. (Obama loves European bad ideas) but, hopefully, Congress will be smart enough to keep it away from these shores
Well I guess the main things most people would suggest would be a more comprehensive social safety net, universal healthcare and better mass transit.

Not all taxes are higher in Europe though, US corporation tax is much higher than most of Europe and local homeowner taxes are very high in many states. You also pay a hell of a lot for home/car insurance from what I've heard and many people also feel that they have to buy health and unemployment insurance which isn't usually necessary in Europe.

Petrol tax probably is regressive but not as much in Europe as in the US, many of the poorest people, young people, old people etc don't drive cars anyway, they use public transport which is often good enough in urban and semi-urban areas at least and costs less than driving.

You have to look at the overall tax/benefit system as a whole imo rather than picking out an individual tax, overall the tax/benefit system is definitely progressive.
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Old July 4th, 2010, 10:36 PM   #1055
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Quote:
Originally Posted by ChrisZwolle View Post
VAT can go up to 25% in some Scandinavian countries, but it has to be noted food is often not taxed as high, for example food in the Netherlands has a VAT of 6%.
Hahaha, I still have bread with a VAT of 4%. About fuel prices, on the N-240 road near Siétamo were about a cent cheaper than ones of 1st of July. And I can tell us the price of B-type Diesel(??? I know is for tractors. The Diesel for cars is A-type...), which was at €0.799/l ($3.796/gal)
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Old July 4th, 2010, 10:44 PM   #1056
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Quote:
Originally Posted by El Tiburon View Post
Are those huge taxes really worth it? What return do Europeans get out of those excessive taxes? In the United States, gasoline is a basic necessity and those outrageous and regressive taxes would really hurt the poor the most.
They tend to have more money for highway construction and infrastructural improvements.
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Old July 5th, 2010, 06:59 AM   #1057
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Sales tax is not VAT

Quote:
Originally Posted by ChrisZwolle View Post
You already have a VAT. It's called sales tax in the United States.
VAT or value added tax is a tax imposed at every stage of the production of manufacturing process every time that value is added to the item.

Sales tax is a tax on the retail sale price of an item when it is sold to the final user. It's not paid when the item is sold for resale purposes (like from a wholesaler to a retailer). The sales tax depends on how much the item sells for and not on any value added to it. For example, an item's retail price is $100 and a typical 6% sales tax results in a tax of $6. Next week, that same item's price is reduced for a promotion sales event to $50 and the sales tax goes down to $3. Another example: let's say a car retails for $23,000 and a purchaser who does his research and knows how to negotiate gets it for $20,000 and pays $1,200 in 6% sales tax. The next customer buys the same identical car but he's not as good a negotiator as the customer before and the salesman sells him the car for $21,000. In that case, this customer will pay $1,260 in sales tax.
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Old July 5th, 2010, 10:29 AM   #1058
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But the end result is the same. If you have a 10% sales tax, the price to the final consumer ends up 10% more than it would have been without tax.

If you have 10% VAT the price to the final consumer also ends up 10% more than it would have been with no tax.
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Old July 5th, 2010, 10:45 AM   #1059
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Each state has a different gasoline tax. New Mexico's is 17 cents per gallon. Gas prices here are averaging about $2.69 right now.
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Old July 5th, 2010, 11:01 AM   #1060
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Quote:
Originally Posted by El Tiburon View Post
story about sales tax
That's exactly how VAT works too. It's just a different name that may be applied to less products in the U.S. than Europe, but basically it's the same.

If I understand correctly, there is no sales tax on gasoline in the US, but only the gas tax. It's different in Europe. First there's a gas tax ($ 3.5 per gallon in the Netherlands), then there's the market price, and VAT comes on top of that, so the tax is taxed too.

Last edited by ChrisZwolle; July 5th, 2010 at 11:07 AM.
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