Gasoline Taxes Per Gallon Are Almost 7 Times ExxonMobil's Profit: 42 cents vs. 7 cents for Q1

Right Mind ^ | 4/28/11 | Mark J. Perry

[Trajan88]

govt.: no risk / no investment, but all the spoils.

The perfect sweetheart deal.

[Rashputin]

They need to at least end the additional tax on diesel fuel that was started during the Clinton administration. I forget how much it is, something like six or seven cents higher than on gasoline, but until it started diesel cost less per gallon than gasoline. In fact, it cost a good bit less than just the difference in taxes for a long time. They should be rewarding people for using diesel engines, not penalizing them.

[cashless]

Simple math says that is a 7% profit. I would love to know how much local, state and Federal taxes they paid as a percentage, especially Federal. I would also like to know how much they pay for licenses, permits and fees to the Federal Government.

If they want to do away with the subsidies for the oil companies, I hope the spineless, gutless, gonad deprived Re-puke-licans add foreign oil companies and nations to the list. Tell Petrobas and Saudia Arabia to pound sand and kiss a pig.