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Posted by on May 17, 2013 in Around The Box | 0 comments

The Secret Link Between High Gas Prices and Lower Taxes

The Secret Link Between High Gas Prices and Lower Taxes

Many of us remember the days when gas cost under $2 per gallon — hey, some of us even remember when it was under $1! Needless to say, times have changed. Today, the lowest gas price you’re likely to find at any pump in the United States is just over $3.

The USA has the third highest number of vehicles per capita, falling behind tiny countries San Marino and Monaco, so the amount of money we spend to power those vehicles is an astronomical figure. But did you ever think there might be an upside to spending more money on gas? We’re here to tell you there is!

Need to track mileage for tax deductions or reimbursement? Check out the new Shoeboxed Receipt Tracker app, which is available as a free download for iOS and Android.

Check out our latest infographic below to find the secret link between high gas prices and lower taxes.

High Gas Prices and Lower Taxes Infographic by Shoeboxed

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