Get Ready For $5 Gallon Gas!!!!!

[Big Muddy rancher]

Federal tax rates for 2012

15% on the first $42,707 of taxable income, +
22% on the next $42,707 of taxable income (on the portion of taxable income over $42,707 up to $85,414), +
26% on the next $46,992 of taxable income (on the portion of taxable income over $85,414 up to $132,406), +
29% of taxable income over $132,406.

Saskatchewan 11% on the first $42,065 of taxable income, +
13% on the next $78,120, +
15% on the amount over $120,185

Plus we have 5% provincial sales tax and 5% federal sale tax.

At the municipal level we pay property taxes as well as a school tax on all land not just your house.

Is that what you were wondering.

Link http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html

This does not include the taxes that is hid in the price of things that you don't see. So it depends on what you are buying to how much you are paying in taxes per dollar spent.

Saskatchewan also hopes to raise $35.7 million by immediately hiking the tobacco tax by 2.7 cents a cigarette to 21 cents each. That will increase the cost of a package of 25 smokes by 67.5 cents. The province is also cutting to one from three the number of tax-free cartons First Nations people can buy on reserve.

The liquor markup, which kicks in April 1, is expected to bring in about $18 million and will increase the price for a dozen beer by 75 cents.

Fuel taxes is in Saskatchewan 30.433¢ per liter[/quote


That would be $1.1534/ US gallon just in taxes at the pump.

 

[hypocritexposer]

I think OT used to parrot these words......but under a Dem. President, high oil/gas prices are good for the economy (in his locale anyway)

Remember one thing: If you want to be energy independent ... and Democrats intend to achieve that within 10 years ... and if you want to reduce our dependence on foreign oil and therefore ... um ... improve our national security situation, you can't do it if you're a Republican because you are too wedded to the oil companies.

We have two oilmen in the White House.... The logical ... follow-up from that is $3-a-gallon gasoline. There is no accident. It is a cause and effect.... a cause and effect.

How dare the President of the United States make a speech today, in April ... many, many, many months after the American people have had to undergo the cost of home heating oil? The woman told me she almost fainted when she received her ... home heating bill over this winter ... and when so many people making the minimum wage, which hasn't been raised in eight years, which has a very low purchasing power, have to go out and buy, gasoline at these prices?

Where have you been, Mr. President? The ... middle class squeeze is on, competition in our country is effected by the price of ... energy and of oil ... and all of a sudden you take a trip outside of Washington, see that the fact that the public is ... outraged about this, come home and make a speech. Let's see that matched in your budget, let's see that matched in your policy, let's see that matched in your separating yourself from your ... patron, Big Oil. Cut yourself off from that anvil that is holding ... your party down and this country down. Instead of coming to Washington and throwing your Republican colleagues under the wheels of the train, which they mightily deserve for being a rubber stamp for your obscene, corrupt policy of ripping off the American people.

"video of comment used to be located here:

http://www.democraticleader.gov/video/NP424.wmv


but has since been removed

http://hotair.com/archives/2012/02/15/video-get-ready-for-big-hike-in-gasoline-prices/ "


:lol: :lol:

 

[Sandhusker]

I think if we could drill as we should, that would send a different message
to those foreigners (not Canada) that we are subject to buying oil from,
and they would DROP the price, not raise it. Golly, someone is sure dumb
that is running this country.

The problem is that oil is the very definition of a global commodity and local prices will always be affected by the global situation.

speculation is part of the cost of oil..

when Bush announced expanding offshore drilling.. the prices dropped..

prices locally were falling,.. on news of the XL pipeline being cancelled, they have since risen.. coincidence or speculation?

so yes.. just the announcement of expanded drilling would reduce crude prices and overall costs..

announcing a comprehensive plan to actually support domestic oil production would cause a drop in oil prices. , but it ain't going to happen with obama in office..

I'm not so sure that I buy the speculator arguement. For a speculator to drive up prices, he has to go long the market and that added buying moves prices up. Understandable. However, in order to make any money, that position has to be reversed, which is selling and would push prices down.

 

[Sandhusker]

I think if we could drill as we should, that would send a different message
to those foreigners (not Canada) that we are subject to buying oil from,
and they would DROP the price, not raise it. Golly, someone is sure dumb
that is running this country.

The problem is that oil is the very definition of a global commodity and local prices will always be affected by the global situation.

I have yet to hear how much the pipeline would reduce gas prices in America. Perhaps I missed it. I just saw on the news it was projected to lower our foreign dependence by 8% and many debate this number. But how about a dollar amount from the proponents.

I don't think it would have much effect on prices. The issue is job creation and having a local supplier that reduces having to deal with the A-rabs.

 

[Larrry]

Saudi Strife Could Send Gas To $8 A Gallon
Addison Wiggin, Contributor

In 2008, the national average price of gasoline topped $3.50 a gallon for the first time on April 21.

Last year, it happened for a second time, on March 6.

This year, it has happened already.

"There's a chance that the U.S. average tops $4 a gallon by June," says Brian Milne of the commodity research firm Telvent DTN, "with some parts of the country approaching $5 a gallon."

After the latest Iran-Israel drama, oil is up to $101.58. the highest in a month.

There's a new wild card. Few are talking about it, but it could easily drive oil much higher, and gasoline to $7 or even $8 a gallon. Good news for the XLE, OIH and USO but bad when you pay at the pump through the nose.

Here's where you might think we're crazy. But it's a real possibility. What would your life be like with $8 per gallon gas??

"This is another one of those possible flash points in the region," says Georgetown political scientist Paul Sullivan, "that could become a much bigger fire if it is not contained early on."

Sullivan is referring to an internal rebellion in Saudi Arabia.

According to Bloomberg, fighting is getting worse in the east of the country, with police and armed Shia protesters. The protesters killed 11 police in October. Since then, police have killed seven Shia, according to human rights observers.

Get top ranked energy dividend stocks in the Free Special Report 10 Yield Gushing Energy Stocks. Click here for your free report.

Here's what makes the situation so volatile: The east is where the Saudi oil is. It also has a majority population of Shia Muslims — in a nation ruled by Sunni Muslims for the last 80 years. We have been talking about it a lot, but the fact is you don't need an Israeli or U.S. attack on Iran to drive gas prices up dramatically.

The conflict in the Saudi oil patch sets up an alternative scenario.

Page 1 2 « Previous PageNext Page »
http://www.forbes.com/sites/greatspeculations/2012/02/15/saudi-strife-could-send-gas-to-8-a-gallon/

 

[cutterone]

I'm just curious. What percentage of total expense does fuel represent of your operations?
According to my accounting program our's runs about 12% and I figured my wife's (she works off farm) and it too runs the same.

 

[TSR]

Well did you hear Oreilly last night? He was giving the speculators and big oil companies a lot of criticism mostly blaming them for the high price of gasoline. He said that although he was for the pipeline because of the jobs that would created,he didn't believe it would do a thing to bring down gas prices. He said because of the mild winter we shouldn't be having these high prices. Of course he had to throw in a shot or two at Obama.

 

[Tam]

Well did you hear Oreilly last night? He was giving the speculators and big oil companies a lot of criticism mostly blaming them for the high price of gasoline. He said that although he was for the pipeline because of the jobs that would created,he didn't believe it would do a thing to bring down gas prices. He said because of the mild winter we shouldn't be having these high prices. Of course he had to throw in a shot or two at Obama.

Well as I see it is all Obama's fault as it is happening under his watch. The BUCK STOPS at him. Gas prices were all Bush's fault when he was President and therefore with the liberal mind set what ever the prices get to all the blame sits on one man's shoulders OBAMA"S. It doesn't matter what is happening in foreign countries to drive up prices as it never mattered when Bush was in office, it was ALL HIS FAULT. :roll:

 

[hypocritexposer]

Pelosi says it is the lack of a comprehensive energy plan. I think OT said the same thing when Bush was President.

Pelosi talks about high gas prices

http://www.youtube.com/watch?v=tbzzeuYJteY&feature=player_embedded#!

 

[Tam]

The Leftwing media and the Dems Blamed Bush for the high gas prices


http://www.youtube.com/watch?v=6elFDi1-YxE&feature=related

http://www.youtube.com/watch?v=12S9MjGkSBI&feature=related

http://www.youtube.com/watch?v=4DnW4WcvJPs&feature=related

The Dems Blamed Bush as he had no energy policy and if the voters want relief at the pumps they were to vote for the Dems as they had ALL THE ANSWERS :wink: :roll:


So why is Obama not doing anything about gas prices? :?
http://www.youtube.com/watch?feature=endscreen&v=k4yFsaxw6L8&NR=1

http://www.youtube.com/watch?v=5M1WlV7vafk&feature=related

BECAUSE HE DOESN'T WANT TO, HIGH GAS PRICES FIT HIS AGENDA

He wants people dependent on the government for their food stamps, healthcare and change in their pocket to toss in the mass transit coffers just like they have in Europe.

He wants to bankrupt insurance companies by mandating they insure everyone and provide certain services for free so the only option left is his real target of Government run Healthcare just like other liberal run countries have.

He wants to bankrupt everyone at the gas pumps so they have no option but to ride his european style mass transit system. What makes no sense is he brags about bailing out the auto makers but then allows the gas prices to skyrocket so nobody can afford a new vehilce. If he thinks electric cars are the answer then why is he wanting everyone energy bill to skyrocket to the point they can't afford to plug the stupid car to charge it.

He also wants as many on welfare and food stamps as he can get so those getting the Government aid will never vote for a Conservative and chance getting dropped from the nanny state payroll.

If he gets another four years to enact his SOCIALIST agenda there will be no turning back The US will be known as FAR WESTERN EUROPE other wises known as OBAMANATION.

 

[hypocritexposer]

BECAUSE HE DOESN'T WANT TO, HIGH GAS PRICES FIT HIS AGENDA

Why are those that voted for obama not giving him credit for reaching his objectives?

He stated during his campaign in 2008 that his goal was to raise energy prices. That is what people like OT, TSR, bullhauler etc voted for.

They should be happy....it's one of the few promises obama has kept.


June 11, 2008

According to Barack Obama, high gas prices don't really constitute a problem for Americans. He stated yesterday that the reason for our anger is the rapid increase in prices, not the prices themselves. Obama claimed that Americans would have accepted a "gradual adjustment" to the current cost:

http://hotair.com/archives/2008/06/11/obama-id-like-higher-gas-prices-just-not-so-quickly/

 

[TSR]

Naw,Naw you got it all wrong, like most of the voters, we voted for the lesser of two evils,thats what always happens imo. As the polls show currently, Obama can still beat the GOP candidates(this with rising gas prices) :shock: You are not disagreeing with O'Reilly are you? He is fair and balanced isn't he?? Having said this I long for a 3rd party candidate who can compete.

 

[hypocritexposer]

Naw,Naw you got it all wrong, like most of the voters, we voted for the lesser of two evils,thats what always happens imo. As the polls show currently, Obama can still beat the GOP candidates(this with rising gas prices) :shock: You are not disagreeing with O'Reilly are you? He is fair and balanced isn't he?? Having said this I long for a 3rd party candidate who can compete.

"WE TOLD YOU SO"

 

[Larrry]

Then some where along the line he will dip into the strategic reserve and make this country even weaker.

 

[hypocritexposer]

Naw,Naw you got it all wrong, like most of the voters, we voted for the lesser of two evils,thats what always happens imo. As the polls show currently, Obama can still beat the GOP candidates(this with rising gas prices) :shock: You are not disagreeing with O'Reilly are you? He is fair and balanced isn't he?? Having said this I long for a 3rd party candidate who can compete.

He's lost ground against the Repub Candidates since yesterday.

In potential Election 2012 matchups, both Mitt Romney and Rick Santorum have pulled to within two points of the president. Obama leads Romney 45% to 43% and if Santorum is the Republican nominee, the president leads 46% to 44%. Matchup results are updated daily at 9:30 a.m. Eastern.

With the margin of error, they are all even.

 

[Anonymous]

Naw,Naw you got it all wrong, like most of the voters, we voted for the lesser of two evils,thats what always happens imo. As the polls show currently, Obama can still beat the GOP candidates(this with rising gas prices) :shock: You are not disagreeing with O'Reilly are you? He is fair and balanced isn't he?? Having said this I long for a 3rd party candidate who can compete.

Yep- except for about 1 election its been that way for over 40 years...

Quick vote
Would you consider voting for a third-party presidential candidate this year?

Yes 51% 81510
No 49% 79771
Total votes: 161281

This is not a scientific poll

 

[Larrry]

I get a kick out of the ignorant people who spout they want a third party or they vote for the person. That sounds all hunky dory but in reality they are only perpetuating bad government.
They in the mean time miss their opportunity to have an impact on the candidates.

But what are we to expect, they voted for obama. I can only see two reason a person could have voted for him. Either they are "racist" or "ignorant"

 

[TSR]

I get a kick out of the ignorant people who spout they want a third party or they vote for the person. That sounds all hunky dory but in reality they are only perpetuating bad government.
They in the mean time miss their opportunity to have an impact on the candidates.

But what are we to expect, they voted for obama. I can only see two reason a person could have voted for him. Either they are "racist" or "ignorant"

Well I guess most of America-the ones that voted, were racist or ignorant in the last election,at least according to you. And yes, you are eentitled to your opinion.

 

[hypocritexposer]

I get a kick out of the ignorant people who spout they want a third party or they vote for the person. That sounds all hunky dory but in reality they are only perpetuating bad government.
They in the mean time miss their opportunity to have an impact on the candidates.

But what are we to expect, they voted for obama. I can only see two reason a person could have voted for him. Either they are "racist" or "ignorant"

Well I guess most of America was racist or ignorant in the last election,at least according to you. And yes, you are eentitled to your opinion.

What % voted and what % of that number voted for obama?

 

[TSR]

Which ones count??? It is a country in which you are free to vote if it matters to you or if it doesn't matter to you don't vote-its your choice. would you be saying the same if McCain had won??