Our Life on the Road Let's Talk Taxes
- Thread starter chillout
- Start date
Another consideration as being the party responsible for paying fuel costs is picking when and where to fuel up and reap the hidden rewards of being a vigilant load planner.
Oklahoma has a combined fed/state tax rate of around 38 cents per gallon of diesel.
Pennsylvania is at nearly 90 cents combined.
If you are in a team truck running well, you will use 20,000 gallons of diesel in a year.
At a difference of even 40 cents per gallon in taxes, that one smart decision will keep $8,000+ in your pocket every year.
Sure, we can all go crazy analyzing every nickel spent or what that nickel is worth before or after taxes.
I figure ANY opportunity to pay less for anything is a wise decision and an opportunity to take advantage of.
Especially when it is as easy as saying, if I predetermine which side of which state lines is the tax friendly option, I can always save $60-80 EVERY time filling up the tank.
There are endless opportunities to keep that hard earned money where it belongs. In your pocket!
Oklahoma has a combined fed/state tax rate of around 38 cents per gallon of diesel.
Pennsylvania is at nearly 90 cents combined.
If you are in a team truck running well, you will use 20,000 gallons of diesel in a year.
At a difference of even 40 cents per gallon in taxes, that one smart decision will keep $8,000+ in your pocket every year.
Sure, we can all go crazy analyzing every nickel spent or what that nickel is worth before or after taxes.
I figure ANY opportunity to pay less for anything is a wise decision and an opportunity to take advantage of.
Especially when it is as easy as saying, if I predetermine which side of which state lines is the tax friendly option, I can always save $60-80 EVERY time filling up the tank.
There are endless opportunities to keep that hard earned money where it belongs. In your pocket!
Figured the thought is merely random banter without sharing the reference that allows others to verify it..
So, here it is..
www.eia.gov/tools/faqs/faq.cfm?id=10&t=10
A current list of fuel taxes for all 50 states as of August, 2016
So, here it is..
www.eia.gov/tools/faqs/faq.cfm?id=10&t=10
A current list of fuel taxes for all 50 states as of August, 2016
Great tip sir. We have done a video sharing fuel taxes and ifta and how it may seem like you are saving money at the pump but paying more in tax later. Buying fuel in a high fuel tax state is not always a bad thing. Thanks for sharing the link.