Battery based electric vehicles of today and tomorrow.

[goeduck]

No, but I'd like to see people pay a similar percentage of their income in taxes so we'd all have skin in the game. Yes, the flat tax! AHHHHHhhhhhh! No caps on FICA either. But that's income related, not fuel related, which we're discussing here.

Bob makes $35K per year and drives 15,000 miles a year in a car that gets decent gas mileage. He uses about 500 gallons of gas a year.

Bill makes $250K per year and drives 15,000 miles a year in a car that gets the same decent mileage. He uses about 500 gallons of gas a year as well.

They both live in Indiana, where the taxes are about 65 cents per gallon of gas, so both pay about $325 in gas taxes per year.

So:
Bob pays about 0.93% of his annual income in fuel taxes.
Bill pays about 0.13% of his annual income in fuel taxes.

Bob pays a bit over 7 times the amount of his total income in fuel taxes that Bill does.

Also, figure Bob and Bill both pay $1500 a year for fuel at $3 per gallon.
Bob pays 4.29% of his total income for fuel.
Bill pays 0.6% of his total income for fuel.

Sucks to be Bob.

Most of us can understand that we can apply that same example to groceries, utilities, mortgages, car payments, insurance, healthcare, costs associated with children, and even tractors.

When you start looking at things in that manner, you start wondering how everyone can pay their fair share without overcharging lower income people so they don't feel screwed, or penalizing people that have higher income so they don't feel screwed.

How that could be accomplished with cars, metered mileage, and fuel tax is beyond me.

Bill and Bob each drive 15,000 mile a year so tell me again why Bill should pay more to use the roads the same (I think that is your point)? There certainly are other taxes Bill pays, it does not end with his fuel tax.

 

[PuffyC]

Back to battery powered vehicles of today and tomorrow....

Just saw this 'tank turn' video by Rivian. Not sure how useful it would be but it looks cool.

 

[Hay Dude]

Cant wait for my electric RAM5500!
Too bad mine won’t be subsidized

 

[MossRoad]

Bill and Bob each drive 15,000 mile a year so tell me again why Bill should pay more to use the roads the same (I think that is your point)? There certainly are other taxes Bill pays, it does not end with his fuel tax.

My point is not that Bill should pay more road taxes.

My point is lower income people have to pay a much higher percentage of their income for all BASIC needs just to survive than higher income people. Food, clothing, rent/mortgage, utilities... everything.

Life isn't fair. We all know that. How do we make it more fair for all?

 

[Hay Dude]

My point is not that Bill should pay more road taxes.

My point is lower income people have to pay a much higher percentage of their income for all BASIC needs just to survive than higher income people. Food, clothing, rent/mortgage, utilities... everything.

Life isn't fair. We all know that. How do we make it more fair for all?

Consumption taxes, VATs, flat taxes etc should all be explored, but again, rich people driving EVs should not get roads subsidized by taxpayers way below them on the income scale.
IMO, even the poorest should pay a little income tax, to have skin in the game. Paying a “mileage driven” tax sounds better than a per gallon gas tax.
Taxing a corporation making electric cars is like adding another layer of expense to the consumer and the corporation shareholders and owners still make the same money! Lol

 

[goeduck]

Tax the pizza delivery guys per slice.

 

[sd455dan]

Cant wait for my electric RAM5500!
Too bad mine won’t be subsidized

Who knows. by the time RAM gets them fully designed tested out and vetted, maybe there will be a farm credit write off or discount at purchase for business.

Got to say a 5500 RAM electric would be really Cool.

 

[Fuddy1952]

1) capital gains are "unearned income"
2) "Real Question -- when have you EVER seen the Wealthy "pulling the wagon" as you say . . . either metaphorically or in fact?"

Have you ever known or heard of anyone from a poor family or a family who made their children make it on their own? Someone working their way through college and/or starting a business with basically nothing. Never asking for a handout but success by hard work? I certainly have.
1) Then investing money eventually paying capital gains. "Unearned income"??? It didn't grow on trees but income invested. And that same money reinvested growing with taxable gains year after year.
2) Yes, those wealthy are pulling the wagon, again taxed benefiting the poor not them.
I won't get a single "like" in this reply because there's some misconception of hate the rich, or they don't pay enough taxes, or ill gotten gains, or they were born rich, lucky, etc. Most people can't imagine it's possible to become rich on your own.
Getting back to EV vehicle owners paying road tax to me that will take care of itself. As we see more EV vehicles you'll see an increased power demand with a power grid to match demand. It has to... whether hydro, solar, gas, wind, etc. Larger and more towers. That's passed on to consumers.
All taxes always increase and eventually EVs will be taxed for road use same as gas/diesel is today.

 

[Fuddy1952]

^^^reply to #3059^^^

 

[Solitary Man]

I agree with Fuddy. I already support the poor with food stamps, housing vouchers, public transportation, etc. Why do I have to do more than that? No one has worked harder to get out of poverty than me; my journey went from an American horror story to an American success story. God gave me a brain that I didn't and haven't soaked in booze or drugs. That was a choice I made very young; seeing two alcoholic grandfathers that never did anything for their families except lay the groundwork for dysfunctional children that became my parents. The chain has to be broken, and some will not survive; that is the only way to cure poverty.