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The press release makes it sound like they are starting from the I-40 side which seems odd:
Quote:
Construction is planned to begin in the median of I-40 on Monday, Nov 18. Residents can receive construction updates by following @NCDOT_Triangle on Twitter or visit ncdot.gov.
If it makes you feel better, the dump truck owners already pay a 12% Federal Excise Tax (FET) which people who buy cars and light trucks don't have to pay. A normal dump truck in this area costs $150-200K depending on the configuration so that means they pay $16-$20K in taxes the day they buy it.
FET money goes into the Federal Highway Trust Fund so while that may not cover private toll roads, the trucking companies do pay their fair share of taxes that are used for road building.
In addition to that, at time of sale the trucking companies usually spend another $6K at the DMV for tags, title, highway use tax and personal property tax.
So that means they end up paying about $22-26K in taxes before they've even made a nickel in revenue on a truck. (And of course tag fees and personal property tax are paid annually so there is more to pay as each year passes.)
Oh yeah, they also use a ton of fuel so they contribute more fuel tax than cars, too. (Dumps use about 200-250 gallons per week in fuel.)
Still think the trucks don't pay enough?
Been noticing state troopers pulling over more dump trucks this week, even in the rain, on 540 and 40.
Good thing, because all these stupid dump trucks do is spill rocks and dirt out the back and many of them drive as aggressively as Triangle drivers in regular cars!
Been noticing state troopers pulling over more dump trucks this week, even in the rain, on 540 and 40.
Good thing, because all these stupid dump trucks do is spill rocks and dirt out the back and many of them drive as aggressively as Triangle drivers in regular cars!
DOT has always enforced in waves around here. We hear people getting nailed left and right for a few weeks and then it's quiet for 6 months and then the cycle repeats itself.
Most of the damage from these trucks is not debris coming out of the body, but rocks stuck in the tires from the jobsites that finally break free and shoot backwards at cars at a high rate of speed.
I always try to keep a car between me and a dump truck. Then I'm usually safe. The car in front of me will take the hit.
The loan is likely happening due to toll costs going toward repaying the loan faster than it normally would.
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