ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
Our governor wants to raise the gasoline tax $.20 ($.05 per year for the next 4 years)
The tax is currently 28.6 CPG, if this happens, 4 years later, it would be at 48.6 CPG
‘If’ my math is correct, that's a hike of 69.93%
But when I add the percentages one year at a time, I end up with the following ?
Year 1: 28.6 to 33.6 = 17.48%
Year 2: 33.6 to 38.6 = 14.88%
Year 3: 38.6 to 43.6 = 12.95%
Year 4: 43.6 to 48.6 = 11.47%
56.78%
The tax is currently 28.6 CPG, if this happens, 4 years later, it would be at 48.6 CPG
‘If’ my math is correct, that's a hike of 69.93%
But when I add the percentages one year at a time, I end up with the following ?
Year 1: 28.6 to 33.6 = 17.48%
Year 2: 33.6 to 38.6 = 14.88%
Year 3: 38.6 to 43.6 = 12.95%
Year 4: 43.6 to 48.6 = 11.47%
56.78%
Last edited: