And you are still not counting the royalties. You also seem to imply that 33.4% state taxes is a good number. Do you know any other industry or any other state with such a high figure? How would your business do if you paid 33.4% to the state before you had to jump into federal taxes?
She also makes the case that Alaska's state take on oil compares very favorably to other places in the world, including TX and LA when you factor in the private landowner take.
Myth-busting claims in Alaska's oil tax debate: Part I
There's also a Part II lined in the above article.
I don't like taxes period, but there should be an agreement between rational people based on truth when it comes to sharing profits between resource owners and operators. I certainly agree that the marginal curve under ACES probably needs changing to further incentivize operators when prices are high, but nothing like the giveaway that the Big 3 are demanding in exchange for....nothing but words.