1500 bbl *$3.5 = $5250, not $5400.
1 tank on top of 10000bbl capacity = 50% one full time worker, $15/hour puts them in the 15% bracket for only 26k of income
So $10,000 is $1950 assuming no deductions (unlikely)
State Excise = $20,800 at $13/bbl most states are closer to $7 bbl.
So $20,800 is $10,500
$11,800 Sales Taxes assumes you create new sales instead of replacing AB sales (taxed more that double the rate)
$11,500 assumes you don't reinvest added revenue, which you just said you do.
ATXChillin 6 months ago
Wow this is awesome.
sojournertrooth 1 year ago
Well done!
ChrisDGuerra 1 year ago
You go, Leslie. That's why you lower taxes not raise them when the economy is bad. Government has never fixed the economy, it is always up to small business. Plus Lazy Magnolia's beer is amazing!
wannabetvchef 1 year ago 3
Great video!
mmstingrae 1 year ago
1500 bbl *$3.5 = $5250, not $5400.
1 tank on top of 10000bbl capacity = 50% one full time worker, $15/hour puts them in the 15% bracket for only 26k of income
So $10,000 is $1950 assuming no deductions (unlikely)
State Excise = $20,800 at $13/bbl most states are closer to $7 bbl.
So $20,800 is $10,500
$11,800 Sales Taxes assumes you create new sales instead of replacing AB sales (taxed more that double the rate)
$11,500 assumes you don't reinvest added revenue, which you just said you do.
ATXChillin 6 months ago
Wow this is awesome.
sojournertrooth 1 year ago
Well done!
ChrisDGuerra 1 year ago
You go, Leslie. That's why you lower taxes not raise them when the economy is bad. Government has never fixed the economy, it is always up to small business. Plus Lazy Magnolia's beer is amazing!
wannabetvchef 1 year ago 3
Great video!
mmstingrae 1 year ago