Quote:
Originally Posted by irishgrl
because for every dollar WE earn, you earn 2. your Pound is worth $2 dollars. regardless of what you each bring home, your money is still twice as valuable as ours.
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…..for ****’s sake the pound isn’t worth twice as much as the dollar - it’s just that you get two dollars for every pound when exchanged. Have you had an education?
….as Mike said it is the tax that’s the issue………
It is fact that with the exception of Japan, it is the UK citizen that pays the most for petrol (gas).
It is fact that wholesale gas prices (that’s the amount that petrol stations pay) are higher in the US than the UK. The UK applies tax in excess of 67% to the wholesale petrol price which pushes up the pump price. The US has a more modest tax rate.
…………in terms of the production cost (my interest)………..my firm sells oil at 3 cents a gallon………..and the profit on that is 2 cents…………it then needs refining etc and shipping etc
…..anyway I only logged into the net to find out whether QPR won…………oh and the Orient!
See you soon.
Stew