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Tuesday, May 06, 2008
Chrysler Offers $2.99 Gas for Three Years
FOXBusiness
In a time when many families are cutting back on spending of automobiles and gas, Chrysler is offering an incentive to new car buyers: $2.99 a gallon gas.
The car manufacturer will provide purchasers of new Chrysler, Dodge, or Jeep cars a $2.99 gas guarantee, starting on Wednesday and running through June 2.
The guarantee comes in the form of a branded fuel card that locks in the price of gas at $2.99 per gallon for the next three years.
A few car models are excluded from the deal, including all SRT performance vehicles, the classic Jeep Wrangler, and Dodge Challengers.
Chrysler hopes the plan will revive sluggish sales, which were down 23.5% in April 2008 compared with April 2007, according to USA Today.
New car owners will be allowed 12,000 miles of driving per year, based on the vehicle’s miles-per-gallon rating. Consumers can purchase 87-octane regular gasoline, diesel fuel, or E85, a gas and ethanol blend.
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Sure, we know some of you are saying the term "marriage penalty" is redundant. In fact, of all the costs associated with getting married (have you seen the cost of a wedding cake lately?), the marriage penalty can be the worst.
Here's how it works: Mr. and Mrs. Right walk down the aisle in wedded bliss and suddenly they¿re a two-income household. If both make roughly the same amount of money, they can be pushed into a higher tax bracket. That's bad, since the higher the bracket, the higher the tax. So, if both were single, they'd end up writing two smaller checks to the tax man that, if combined, would add up to less than the giant check they write in a state of wedded bliss.
Is that fair? We're not touching that, but there is a flip side that few people talk about. The marriage penalty only kicks in if both members of the couple make close to the same amount of money. If there's a big disparity in pay, there's actually a tax advantage. Call it the marriage bonus.
And, it¿s important to remember that there are other financial benefits, such as lower life-insurance rates or health care premiums, that can make up for the extra tax couples pay. So don't let Uncle Sam stop you from saying, "I do."
