Quote:
Originally Posted by twitchyzero
but you're still supporting the retarded carbon taxes, that's the problem that I have with pumping locally
the people feeling the most crunch from soon to be $1.60+/L are not those who eat out several times a week, but families that may have to consider transit soon even if they live out of the way and the service is far from ideal in the burbs
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Carbon tax is:
1) Not retarded
2) 7.78 cents/litre
3) Only responsible for a small percentage of fuel price increases over the past decade
When Gordon Campbell's Liberals introduced the carbon tax in the mid-2000s, it was a revenue neutral tax meaning it didn't increase the tax revenue to the government. The tax revenue generated from the carbon tax went to low-income personal tax credits and a lower corporate tax rate.
Now, the NDP government has scrapped those in favour of funding "green" projects instead. Whether you prefer the former or the latter (or neither), either way, it's not going to general revenue like most of the other taxes.
Carbon tax, when introduced in 2008, was 4.44 cents/litre and has gone up a whopping 3.34 cents/litre over the past decade. Meanwhile, gas prices have risen from 104 cents/litre in 2009 to 154 cents/litre.
Your breakdown of taxes on gasoline in Metro Vancouver are:
TransLink - 17 cents/litre
Federal Excise Tax - 10 cents/litre (4 cents/litre on diesel)
Carbon Tax - 7.78 cents/litre (8.95 cents/litre on diesel)
BC Transportation Financing Authority - 6.75 cents/litre
Provincial Motor Fuel Tax - 1.75 cents/litre (2.25 cents/litre on diesel)
Sub-total: 43.28 cents/litre (gasoline)/38.95 cents/litre (diesel)
Plus 5% GST (which is also applied to the taxes above; isn't the federal government great?)
According to Kent Group Limited, the average retail price of gasoline, excluding taxes, in Vancouver so far for April 2018 is 103 cents/litre
So base price of 103 + 43.28 + 5% GST (7.31 cents/litre) = 153.6 cents/litre