Dallas Websites Interactive: Scott Burns Fuel Efficiency Investment Calculator

How Higher Gasoline Prices Impact Your Standard of Living

	Input Variables		Current rate sources:
Your Employment Tax Rate			7.65% employee, 15.30% self-employed
Your Income Tax Rate			2004 Tax Rates
Your Hourly Wage			(most people will pay at a 15 or 25 percent rate)
Miles Driven/year
Cost of Gasoline/gallon (Old)
Future Cost of Gasoline/gallon (Your Guess)
Your MPG			Gallons Used
Annual Increase in Fuel Cost

	Income Impact
Requires a pre-tax raise of $		per year
or this much $		per hour
That means you need a raise of		to maintain your standard of living
Otherwise, your standard of living will fall by		(the same amount)

	Other Remedies
Cut your driving by		miles a year
or even trade for an		mpg car
Print		Calculate

© Scott Burns, 2005