GST and petrol prices.

[Ext User(HeadRush)]

Would you be in favour of an increase in GST to 12.5% if the excise on
petrol prices was removed?

That would bring petrol prices down to about 70cpl inc GST.

HR

[Ext User(atec77)]

HeadRush wrote:
> Would you be in favour of an increase in GST to 12.5% if the excise on
> petrol prices was removed?
>
> That would bring petrol prices down to about 70cpl inc GST.
>
> HR
>
>
>
you want to increase GST to 12.5% ?
no never
and stop xposting to that other group

[Ext User(John_H)]

"HeadRush" <( . )( . )@(_!_).com> wrote:

>Would you be in favour of an increase in GST to 12.5% if the excise on
>petrol prices was removed?
>
>That would bring petrol prices down to about 70cpl inc GST.

Not by my arithmetic!

Today's average price in Brisbane (according to an online source) is
119.8¢

10% GST component is therefore 10.9¢.

Excise component (fixed) is 29.743¢ (38.143¢ - 8.4¢).
(The 8.4¢ state government rebate applies in Q and part of NSW...
other rebates apply in other parts.)

Price less excise and GST is therefore 79.157¢

Price with 12.5% GST would be 89.05¢.

Best you do yours again!... Or is your real name Peter Costello?

--
John H

[Ext User(Just JT)]

"HeadRush" <( . )( . )@(_!_).com> wrote:
> Would you be in favour of an increase in GST to 12.5% if the excise on
> petrol prices was removed?
>
> That would bring petrol prices down to about 70cpl inc GST.
>
~~~~~~~~~~~~~
I'd favour a 30% GST with ZERO INCOME TAX.

--
Tax.spending.not.earning

[Ext User(Craig Welch)]

HeadRush wrote:

> Would you be in favour of an increase in GST to 12.5% if the excise on
> petrol prices was removed?
>
> That would bring petrol prices down to about 70cpl inc GST.

I would be in favour of the Government scrapping the excise. Period.

--
Craig