California launching pilot program to charge drivers for miles driven

[momopi]

California launching pilot program to charge drivers for miles driven - Autoblog

California will soon begin testing a pilot program that will tax drivers based on the miles they log to offset the loss of gas tax revenues from EVs.

www.autoblog.com

California is the nation's biggest EV market by a wide margin, and the relatively high percentage of battery-powered cars is digging a hole in the state's budget because it relies on revenue from its gasoline tax to fund road maintenance. Lawmakers want to replace the gasoline tax with a new mileage-based tax to offset the loss, and they plan to begin testing this system by launching a pilot program in August 2024.

 

[daedalus]

Much more fair than a flat fee. As part of a family that drives maybe 4500 miles per year total across several vehicles, including 1 EV, I'm all for it.

 

[The Motor Court Company]

It’s more fair but privacy becomes a concern. In a way gas taxes is the best compromise before EV comes along.

 

[zovall]

This topic makes me think about something similar at work. At my work (which has < 10k employees), in an attempt to be fair and transparent, all kinds of internal, company paid costs are allocated to employees. This is done by paying people to come up with complicated policies and then paying people to build and maintain applications to administer these policies. This is a huge financial cost but it really is just administrative bloat that could be simplified away. Similar to our tax code, electric bills, etc.

 

[qwerty]

This topic makes me think about something similar at work. At my work (which has < 10k employees), in an attempt to be fair and transparent, all kinds of internal, company paid costs are allocated to employees. This is done by paying people to come up with complicated policies and then paying people to build and maintain applications to administer these policies. This is a huge financial cost but it really is just administrative bloat that could be simplified away. Similar to our tax code, electric bills, etc.

I have always been a fan of not allocating corporate/centralized type costs for the reasons you mention. It’s a waste of time. The businesses receiving the allocations can’t control those costs and therefore don’t believe they should be allocated to them which I agree with. It is not clear to me why a cfo/finance lead would not be able to manage the overall companies costs by still keeping the allocated costs in one pool at corporate. I think it’s because most companies do these allocations and people just continue to do it at their next company because that is all they know and what they were taught as the right way to manage a business. I have yet to hear a compelling reason as to why these types of costs should be allocated.

 

[Liar Loan]

I have always been a fan of not allocating corporate/centralized type costs for the reasons you mention. It’s a waste of time. The businesses receiving the allocations can’t control those costs and therefore don’t believe they should be allocated to them which I agree with. It is not clear to me why a cfo/finance lead would not be able to manage the overall companies costs by still keeping the allocated costs in one pool at corporate. I think it’s because most companies do these allocations and people just continue to do it at their next company because that is all they know and what they were taught as the right way to manage a business. I have yet to hear a compelling reason as to why these types of costs should be allocated.

What I want to know is how the Trump Organization was supposed to allocate the cost of an NDA contract if "Legal Expense" was not allowed?

 

[nosuchreality]

What I want to know is how the Trump Organization was supposed to allocate the cost of an NDA contract if "Legal Expense" was not allowed?

Clearly under FASB and GAAp, it should have been capitalized goodwill from the Stormy acquisition unless that acquisition wasn’t fully consummated in which case, the goodwill would have been internally generated and thus an expense.