Tag: tax

A smart gax tax for South Carolina


Rankin's Grocery

The “Net Zero” gas tax

Thirty years ago, conservative columnist Charles Krauthammer proposed a revenue neutral gasoline tax to reduce consumption. To keep revenue neutral, he tied his proposed gas tax increases to a dramatic reduction in the payroll tax equal to the average tax paid nationwide.

For example, if the average American contributes $4000 annually toward’s Krauthammer’s dramatically higher gas tax (on the order of a dollar per gallon), then every taxpayer gets a $4000 tax rebate.