Interesting quote from cnn (no audi content)

[Robert Myers]

Redo your calculations, Rob.  That's 300% not 75%.  :-(

Cost for a give amount = $1.
Price at pump for same amount = $4
Tax = $3.

$3 is 300% of $1.

Impressive, huh?  :-(

At 08:31 AM 9/8/00, Beatty, Robert wrote:

>I remember we had a bit of discussion of differences in gas prices from here
>in the states and over the pond in Europe.  Never made much sense to me as
>to why it was so expensive over there till i just read this quote from CNNFN
>today...
>
>OPEC blames industrialized powers for taxing petroleum products too heavily.
>In many European countries, tax rates on gasoline are among the highest in
>the world, accounting for as much as three-quarters of the price of a gallon
>of fuel.
>
>Interesting...I'd be rather pissed at my government if something i needed
>was taxed at a rate of 75%.....OUCH
>
>Just thought some of you might find this interesting.
>
>Rob
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Bob
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