Other price increases on the GT500 include a $1,095 destination fee and $2,600 gas guzzler tax
, putting the base price of the car at $73,995.
Starting manufacturer's suggested retail price, including destination charge and federal government gas guzzler tax
is $60,990 for a model with six-speed, Tremec, manual transmission.
When Congress enacted the federal Gas Guzzler Tax
in 1978, it exempted light trucks from that category.
Equipped with the seven-speed double clutch S tronic(R) transmission with launch control and standard quattro(R) all-wheel drive, the RS 5 Cabriolet launches from 0-60 MPH in 4.9 seconds and has a top speed limited to 174 MPH; while at the same time achieving better fuel economy versus the primary competitors with an EPA estimated 16 city / 22 highway/ 18 combined and no gas guzzler tax
These are the American Automobile Labelling Act, the Corporate Average Fuel Economy (CAFE) payment and the so-called Gas Guzzler Tax
. They are among the outstanding tariff, subsidy and trade bureaucracy problems under discussion at the EU-USA Transatlantic Economic Council--but this report shows how much work is outstanding.
Some market incentives, such as a tax credit for hybrid vehicles and the Gas Guzzler Tax
on fuel-inefficient cars, currently exist to encourage consumers to buy fuel-efficient vehicles.
Second, the sole tax policy to discourage low-mileage automobiles, the gas guzzler tax
, contains a loophole large enough to drive a sport utility vehicle (SUV) through.
For all practical purposes, therefore, there is no Gas Guzzler tax
. We should raise the standard and broaden the reach immediately--all trucks and SUVs, and the new standard for next year is 25 mpg, then it goes up yearly from then on.
Some types of excise taxes have separate forms, such as the heavy highway vehicle use tax (Form 290), gas guzzler tax
(Form 6197), and excise tax on greenmail (Form 8725).
With a base price of $66,000--which doesn't include the mandatory gas guzzler tax
($2,100) or destination charge ($720)--the RS4 isn't exactly cheap.
Gas guzzler tax
: Limousines rated at more than 6,000 pounds unloaded gross vehicle weight are now exempt from the gas guzzler tax
, as they are excluded from the definition of an automobile.