The Heavy Truck Tax Fairness Act of 2012

[off2bed]

SEC. 3. INCREASE IN TAX ON DIESEL FUEL OR KEROSENE.

(a) In General-

(1) Clause (iii) of section 4081(a)(2)(A) of the Internal Revenue Code of 1986 is amended by striking ‘24.3 cents’ and inserting ‘30.7 cents’.

Yeah, that's fair.

http://www.govtrack.us/congress/bills/112/hr4321/text

 

[Ishmael]

SEC. 3. INCREASE IN TAX ON DIESEL FUEL OR KEROSENE.

(a) In General-

(1) Clause (iii) of section 4081(a)(2)(A) of the Internal Revenue Code of 1986 is amended by striking ‘24.3 cents’ and inserting ‘30.7 cents’.

Yeah, that's fair.

http://www.govtrack.us/congress/bills/112/hr4321/text

What would be interesting to see is what the other portions tax code that have been eliminated say.

Further, this in not a tax on trucks per se' but a new tax on individuals. The trucking companies take that diesel tax as a write down on the corporate tax. So in effect while it does have an impact on day to day cash flow that is offset by write-downs in the quarterly estimates and the year end taxes.

No such mechanism is available for those people that drive diesel fueled vehicles or those that use Kerosene to heat their homes.

Ishmael

 

[phrodeau]

Heh, you guys didn't bother to read it.

(6) EXCEPTION FOR CERTAIN AMOUNTS OF FUEL-

(A) IN GENERAL- No tax shall be imposed by paragraph (1) on any liquid held on the floor stocks tax date by any person if the aggregate amount of liquid held by such person on such date does not exceed 2,000 gallons.

Know anybody with a 2,000 gallon kerosene tank for their home?

 

[thør]

Heh, you guys didn't bother to read it.

Know anybody with a 2,000 gallon kerosene tank for their home?

Or 400 five gallon jugs.

 

[about_average]

Floor stock taxes are a one time tax on something held in inventory before the tax increase, to make up the difference in the post increase amount.
So, I won't have to pay the difference in the tax amount on what's in my truck, but the trucking company down the street with a full 5,000 gal storage tank will.

 

[Ishmael]

Floor stock taxes are a one time tax on something held in inventory before the tax increase, to make up the difference in the post increase amount.
So, I won't have to pay the difference in the tax amount on what's in my truck, but the trucking company down the street with a full 5,000 gal storage tank will.

Tada, and all users of said fuel will have to pay the tax post enactment upon delivery of product, be that at the pump or in the fuel barrel for the furnace.

Ishmael

 

[phrodeau]

Tada, and all users of said fuel will have to pay the tax post enactment upon delivery of product, be that at the pump or in the fuel barrel for the furnace.

Ishmael

Yep, and all who buy kerosene for furnaces get a tax exemption or rebate. That isn't changing.

 

[off2bed]

This isn't about individuals heating their homes. It's about the government fucking us all royally and calling it "fairness."

 

[Ishmael]

Yep, and all who buy kerosene for furnaces get a tax exemption or rebate. That isn't changing.

In most of the states that is true and the exemption/rebates apply to state taxes. I haven't been able to find an rebates/exemptions in the federal tax codes. They may be there, but I haven't found them.

Ishmael

 

[off2bed]

You can get a rebate for gasoline taxes you use to mow your lawn or put in your boat. Why isn't that as important a red herring as Phro's other one?

 

[phrodeau]

In most of the states that is true and the exemption/rebates apply to state taxes. I haven't been able to find an rebates/exemptions in the federal tax codes. They may be there, but I haven't found them.

Ishmael

Christ on a crocodile, maybe you could bother to learn about a topic before you spout off next time.

http://www.irs.gov/publications/p510/ch01.html

 

[Ishmael]

You can get a rebate for gasoline taxes you use to mow your lawn or put in your boat. Why isn't that as important a red herring as Phro's other one?

Actually you get a deduction for off-road fuel use if you bother to go to the long forms and itemize. I don't know if that applies to heating fuel and I also wonder how many go to the trouble of itemizing?

I do know that it's one of the 'red flag' items on the long form that increases the odds of being audited by the IRS.

Ishmael

 

[phrodeau]

You can get a rebate for gasoline taxes you use to mow your lawn or put in your boat. Why isn't that as important a red herring as Phro's other one?

That is also wrong. Unless you mow lawns for a living, your lawn mower gas is taxable.

Maybe you need to have a talk with an accountant.

 

[CNYCarol]

...

No such mechanism is available for those people that drive diesel fueled vehicles or those that use Kerosene to heat their homes.

Ishmael

Home heating oil is not subject to IFTA taxes, and as such it has a dye added to it.

ANY truck caught with dyed fuel in their tanks are subject to VERY heavy fines.

To carry it out to it's ultimate conclusion:

The truck is taxed at a higher rate to fill his 200 gallon tank...

...that tax is paid by the CONSUMER when we buy what ever he was carrying.

Basic Fact of Life: Buisnesses do NOT pay taxes, consumers DO!

 

[mercury14]

Crushed by a single hobbit.

 

[about_average]

I don't know if it's changed as it's been a long time since it was significant to me, but it used to be that the road tax part of the taxes was refunded (or not paid at the pump, depending...). We never paid road tax on fuel used in our tractors or other vehicles used 100% off-road.

What gripes me about this is that as of April this year the total federal tax on Gasoline is 18.4 cents per gallon and on diesel it's 24.3, soon to be 30.7. Are they also raising the gasoline tax?

The tax itself doesn't bother me so much, as long as it's the same regardless of the type of fuel it is. Also, road maintenance should be paid for 100% by fuel taxes and 100% of fuel taxes should go to roads. That's the only way to really know how much it costs to drive.

 

[phrodeau]

I don't know if it's changed as it's been a long time since it was significant to me, but it used to be that the road tax part of the taxes was refunded (or not paid at the pump, depending...). We never paid road tax on fuel used in our tractors or other vehicles used 100% off-road.

What gripes me about this is that as of April this year the total federal tax on Gasoline is 18.4 cents per gallon and on diesel it's 24.3, soon to be 30.7. Are they also raising the gasoline tax?

The tax itself doesn't bother me so much, as long as it's the same regardless of the type of fuel it is. Also, road maintenance should be paid for 100% by fuel taxes and 100% of fuel taxes should go to roads. That's the only way to really know how much it costs to drive.

Heavy trucks cause a lot more road wear than passenger vehicles. They should pay more for road maintenance.

 

[CNYCarol]

...

road maintenance should be paid for 100% by fuel taxes and 100% of fuel taxes should go to roads. That's the only way to really know how much it costs to drive.

You need to learn the first BASIC Fact of Life: Businesses DO NOT pay taxes, Consumers do!

 

[chillywilly2]

People heat their homes with Kerosene?

wow

 

[Frizzle_Fry]

Heavy trucks cause a lot more road wear than passenger vehicles. They should pay more for road maintenance.

You do realize just about EVERYTHING on EVERY shelf in EVERY store across america took a trip on a truck, train, ship or airplane right? You know they all use diesel/JP8 right?

Do you really think the manufacturers, shipping companies or retail stores are going to eat that shit?

Fuuuuuuuuuuuuck no....they will pass it right on to the consumer at brick and mortar retail shops and online stores the nation over....dumb ass.

 

[TexasWife25]

Do you really think the manufacturers, shipping companies or retail stores are going to eat that shit?

Fuuuuuuuuuuuuck no....they will pass it right on to the consumer at brick and mortar retail shops and online stores the nation over....dumb ass.

Thats a stupid argument

 

[phrodeau]

You do realize just about EVERYTHING on EVERY shelf in EVERY store across america took a trip on a truck, train, ship or airplane right? You know they all use diesel/JP8 right?

Do you really think the manufacturers, shipping companies or retail stores are going to eat that shit?

Fuuuuuuuuuuuuck no....they will pass it right on to the consumer at brick and mortar retail shops and online stores the nation over....dumb ass.

You do realize that the new act repeals the excise tax on heavy trucks? And you do realize that it has the full support of the American Trucking Association?

http://news.yahoo.com/repeal-truck-tax-bolster-infrastructure-economy-environment-184110625.html

 

[about_average]

Heavy trucks cause a lot more road wear than passenger vehicles. They should pay more for road maintenance.

Heavy trucks get a lot less mileage that diesel cars and light trucks, so they are in fact paying more per mile of road use.
So a new semi using the increased mileage figures for 2017 is going to be paying around 10 times the fuel tax as someone driving, say, a '77 VW diesel. But the person driving that VW still gets hit with a higher tax rate than someone driving a gasoline fueled one, even though they are actually conserving more fuel.

 

[about_average]

You need to learn the first BASIC Fact of Life: Businesses DO NOT pay taxes, Consumers do!

You need to learn an even more BASIC thing, to read.
I made no mention of businesses or consumers, nor was I even implying anything about businesses or consumers.

 

[Frizzle_Fry]

Thats a stupid argument

Tell me why....

Show me one company/business/corporation that eat's it's taxes instead of passing the cost on to the consumer and I'll shit you a gold brick.

You do realize that the new act repeals the excise tax on heavy trucks? And you do realize that it has the full support of the American Trucking Association?

http://news.yahoo.com/repeal-truck-tax-bolster-infrastructure-economy-environment-184110625.html

Well no shit.... It makes their job easier, less paper work and they don't take the tax all in one hit for that lil sticker they have to put on their truck. They don't give a fuck about fuel cost....like I said that get's passed on to the consumer. Further more what about all the other shipping methods that use diesel/JP8? Like airplane's, trains and cargo ships? Those cost are doing nothing but going up...there is no balance in that.

You do realize at +6c a gallon of fuel will far exceed what they were paying in the excise tax with the thousands of gallons of fuel they burn each month right?

Back to square one...who do you think is going to pay for it? yes....the consumer, and I bet there are politicians getting a fat paycheck for this one.