Spinning Your Tax Structure ~ Hybrid Car Review
Hybrid Car Review: Spinning Your Tax Structure

Friday, February 15, 2008

Spinning Your Tax Structure

Automoblog saw the story about a possible tax hike coming out of Washington State on gas guzzles and had an interesting take on it.

Basically, punishing people for bad behavior may not be the best way to go. Instead, look for ways to reward good behavior. Set a new tax on all cars, then lower the taxes on those who buy more fuel efficient cars.

The end results are the same, but it certainly puts a great spin on it.

In case you forgot, here's the tax structure Washington is proposing (from the bill (pdf) itself):

15 (b) Passenger vehicles that have an established EPA fuel economy
16 rating must be taxed according to the EPA fuel economy rating as
17 follows:
EPA Fuel Economy Rating Tax Tons CO2
(12,000 Vehicle Miles Traveled)
10 or fewer $ 240 12
11 $ 220 11
12 $ 200 10
13-14 $ 180 9
15-16 $ 160 8
17-18 $ 140 7
19-21 $ 120 6
22-26 $ 100 5
27-34 $ 80 4
35-48 $ 60 3
49 + $ 40 2

31 (c) Passenger vehicles that do not have an established EPA fuel
32 economy rating must be taxed according to their engine displacement
33 size as follows:

Engine Displacement/Size Tax
4.0 or More $240
3.0 - 4.0 $180
1.5 - 3.0 $120
Less then 1.5 $80

By the way, this bill is unlikely to go forward "because it was proposed late in the session. The Legislature's cutoff date for new bills is Friday."

Get Four Free Price Quotes From Yahoo! Autos Hybrid Research and Pricing at Edmunds.com

No comments:

Post a Comment

Comments posted on Hybrid Car Review will be moderated. Please avoid dropping links just for the sake of links. The comment will be deleted shortly after. Keep comments on topic and non-abusive. Thanks!

Automotive Parts

E-Bay Motors


  © Link to Privacy Policy

Back to TOP