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To: Positive

When something is extracted from federal land, like oil, how much of a cut does the government get?


11 posted on 05/22/2008 12:56:32 PM PDT by DonaldC
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To: DonaldC
"When something is extracted from federal land, like oil, how much of a cut does the government get?"

Don't know the answer to that specific question, but I do know that XOM pays a total of about 40% of its profits in taxes.

23 posted on 05/22/2008 1:17:05 PM PDT by Positive (Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
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