Douglas H.’s Post

View profile for Douglas H., graphic

I help people receive a passive income using the secrets of the wealthy.

Driving Costs Shift Gears in California Mineral Royalties - #energy #naturalgas #oilandgas The article linked below discusses a new Caltrans initiative to address declining gas tax revenues due to the rise of electric vehicles. The program proposes charging drivers about 3 cents per mile to fund road maintenance, which costs the state over $8 billion annually, or $405 per year. According to AI, to fully replace the projected $4.4 billion shortfall as EVs become more common, the rate would need to increase to around 12 cents per mile or over $1,600 per year. Given California's history of frequently raising gasoline taxes, drivers should expect potential increases in the per-mile charge to cover rising costs, in line with the state's precedent of adjusting taxes to meet funding needs. https://lnkd.in/gfxTRYzf If you want to learn how to receive a monthly royalty income, feel free to give us a call. Visit our website. https://lnkd.in/gudyxG3m Listen to and like this video then Subscribe to this channel. Uncover ways to use Self Directed IRA and 1031 Exchange funds to purchase a mineral property. Do you have a strategy to protect your wealth from recession, inflation, stagflation, hyperinflation or the energy crisis? We offer FREE reviews if you are evaluating an oil well drilling or re-work deal. Give us a call or send us an email. #oilandgasindustry #minerals #mineralresources This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA, or financial advisor and I am not giving legal, financial, or tax advice.

To view or add a comment, sign in

Explore topics