Quote:
Originally posted by sacX
and one thing often forgotten is sales tax.. most things you buy you're paying more tax.. GRRRRR
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Don't forget 'hidden' taxes like fuel excise. In Australia, you have...
1. retail price of fuel supplier
2. plus fuel excise
3. plus 10% GST of 1+2
It's a double tax.
Currently Melbourne prices are 84c per litre according to Shell, which is broken down like this:
a) 34.6c refinery price
b) 45.3c tax
c) 4.1c margin
The tax added is actually higher than the sum of the refinery price and margin, so it more than doubles the cost at the pump.